Loading...
HomeMy WebLinkAbout2012-02-07 Agenda and Support Documentation Town Council Work SessionVAIL TOWN COUNCIL WORK SESSION AGENDA VAIL TOWN COUNCIL CHAMBERS 75 S. Frontage Road W. Vail, CO 81657 8:00 A.M., FEBRUARY 7, 2012 T01,V?J OF �AII_' NOTE: Times of items are approximate, subject to change, and cannot be relied upon to determine at what time Council will consider an item. Public comments on work session item may be solicited by the Town Council. 1. ITEM /TOPIC: COUNCIL /STAFF RETREAT will be held at DONOVAN PAVILION, 1600 South Frontage Road West, Vail, CO 81657 from 8:00 am to 1:00 pm SEPARATE MEETING (300 min.) 2. ITEM /TOPIC: BREAK of 1/2 hour between Retreat and GID Executive Session meeting (30 min. ) 3. ITEM /TOPIC: Solaris General Improvement District (GID) - EXECUTIVE SESSION will be held in the Town Council Chambers at 75 South Frontage Road, Vail, CO SEPARATE MEETING - START TIME IS 1:30 P.M. (30 min.) PRESENTER(S): Matt Mire & George Ruther 4. ITEM /TOPIC: REGULAR WORK SESSION to begin at 2:00 pm 5. ITEM /TOPIC: DRB /PEC Update (15 min.) PRESENTER(S): Warren Campbell 6. ITEM /TOPIC: Please interview one applicant for the Vail Local Licensing Authority (VLLA) at the work session and appoint one applicant to the VLLA at the evening meeting. The term is to fill a vacancy left by a member who moved out of town; the term expires May 31, 2012. The town received one application that meets the criteria for this board vacancy. The applicant is Michael Hannigan. (5 min.) PRESENTER(S): Pam Brandmeyer ACTION REQUESTED OF COUNCIL: Please interview Michael Hannigan at the work session. 2i7/2012 BACKGROUND: A vacancy occurred when one of the board members moved out of town. This appointment is to fill the vacancy of the term left by that member. STAFF RECOMMENDATION: Appoint one member, at the evening meeting, to the VLLA to fill a vacancy which term expires May 31, 2012. 7. PRESENTER(S): George Ruther ACTION REQUESTED OF COUNCIL: A work session to present information on the municipal site redevelopment project including: Project Progress Update Probable Construction Cost Estimate Project Schedule BACKGROUND: The municipal site redevelopment project is a partnership betweem the Town of Vail, the Vail Valley Medical Center, the Steadman Clinic, the Steadman Philippon Research Institute and Howard Head Sports Medicine to construct a new municipla office building and a new medical office building in an effort to sustain and grow Vail's year -round ecomony. STAFF RECOMMENDATION: As this is a work session, staff does not have a formal recommendation at this time. 8. ITEM /TOPIC: Information Update and Attachments: 1) November 2011 All Store Same Store Sales Report - Kelli McDonald 2) Economic Indicators May — October 2011 - Kelli McDonald 3) Winter Teva Mountain Games schedule - Kelli McDonald 4) Cell Tower Update - Ron Braden 5) Revenue Highlights - Kathleen Halloran 6) Aspen 'Scale' Update - Gregg Barrie 7) December 2011 Sales Tax - Sally Lorton 8) Vail Library Update Discussion: - Schedule /delayed start - Entitlements -Code and design issues - Relocation for satellite bidding /contractor selection (15 min. ) PRESENTER(S): Various 9. ITEM /TOPIC: Matters from Mayor and Council: * Council Committee Reports (30 min.) 10. ITEM /TOPIC: Adjournment (3:50 p.m.) NOTE: UPCOMING MEETING START TIMES BELOW (ALL ARE APPROXIMATE DATES AND TIMES AND SUBJECT TO CHANGE) -- - - - - -- ------------ THE NEXT REGULAR VAIL TOWN COUNCIL REGULAR WORK SESSION WILL BEGIN AT APPROXIMATELY 12:30 P.M. (or TBD), TUESDAY, FEBRUARY 21, 2012 IN THE VAIL TOWN COUNCIL CHAMBERS FUTURE AGENDA ITEMS: Consent Agenda: 1) January minutes; 5 min. Town Manager Report - 15 min. 2/7/2012 Municipal Site Redevelopment - George - 60 min. Ford Park Planning - Todd O. /Greg H - 30 min. - 3/6; 3/20; 4/17; 6/5; and 8/7 Amendment to LMU1 - Rachel - 60 min. Info Updates, 3/6: Gore Creek Water Quality Update - Bill Carlson Ever Vail - Warren /George - 60 min. Ord #2 - 1st reading - WTH District - Bill G - 30 min. Resolution #7 - WTH District - Bill G - 30 min. RSES - Katherine Lange, Principal - WS - 3/20 - 15 min. Eagle County School District - Sandra Smyser - 30 min. - WS - TBD Kent Logan Appreciation Letter Proclamation - 5 min. - TBD Discussion of 2012 Community Survey Questions - 2/21 - WS -30 min. RSES Elementary 5th Grade Government Studies Class Q &A - 30 min. WS (1:00 p.m.) Info Update 3/7/12: VLHA Update - Nina; Revenue Highlights - Kathleen; WS Strategic Parking Plan - Greg Hall - 60 min. - TBD Guest Enhancement Wayfinding - Greg H - 30 min Comcast Discussion - Ron Braden /Matt Mire 60 min. - TBD Outdoor Display Goods - George Ruther - TBD Sundial Plaza - Greg Hall - TBD Sara Schleper Recognition - TBD 2/7/2012 K � TOWN OF VAI!% VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: COUNCIL /STAFF RETREAT will be held at DONOVAN PAVILION, 1600 South Frontage Road West, Vail, CO 81657 from 8:00 am to 1:00 pm SEPARATE MEETING 2i7/2012 K � TOWN OF'VA10 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: BREAK of 1/2 hour between Retreat and GID Executive Session meeting 2i7/2012 K � TOWN OF'VA10 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: Solaris General Improvement District (GID) - EXECUTIVE SESSION will be held in the Town Council Chambers at 75 South Frontage Road, Vail, CO SEPARATE MEETING - START TIME IS 1:30 P.M. PRESENTER(S): Matt Mire & George Ruther 2i7/2012 K � TOWN OF VAI!% VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: REGULAR WORK SESSION to begin at 2:00 pm 2i7/2012 K � TOWN OF VAI!% VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: DRB /PEC Update PRESENTER(S): Warren Campbell ATTACHMENTS: January 18, 2012 DRB Meeting Results February 1, 2012 DRB Meeting Results January 30, 2012 PEC Meeting Results 2i7/2012 rnwN of va MEMBERS PRESENT Tom DuBois Pete Dunning Brian Gillette Rollie Kjesbo Libby Maio PROJECT ORIENTATION SITE VISITS 1. John Residence — 5075 Ute Lane MAIN AGENDA 2:OOpm 3:OOpm Diazayas Residence DRB110574 / 15 minutes Bill Final review of new construction (single family residence) 1895 Gore Creek Drive /Lot 26, Vail Village West Filing 2 Applicant: Alejandro Diazayas, represented by Douglas DeChant ACTION: Approved with conditions MOTION: DuBois SECOND: Maio VOTE: 5 -0 -0 CONDITION(S): 1. This approval is contingent upon the applicant obtaining Town of Vail Planning and Environmental Commission approval of the associated front setback variance application. 2. John Residence DRB110594 / 15 minutes Conceptual review of an addition (den, entry) 5075 Ute Lane /Lot 29, Block 1, Vail Meadows Filing 1 Applicant: Jan & Maurice John, represented by Pierce Architects ACTION: Conceptual, no vote ( Kjesbo recused) STAFF APPROVALS Franke Residence DRB110485 Final review of changes to approved plans (landscaping) 2712 Kinnikinnick Court/Lot 10, Block 2, Vail Intermountain Applicant: Patricia Franke, represented by Victor Mark Donaldson 115 Forest Road Residence DRB110589 Final review of changes to approved plans (deck, landscaping, window, bridge abutment) 115 Forest Road /Lot 30, Block 7, Vail Village Filing 1 Applicant: 115 LLC, represented by KH Webb Vail Racquet Club DRB120002 Final review of minor exterior alterations (landscaping) 4695 Vail Racquet Club Drive /Unplatted Applicant: Racquet Club Owners Association, represented by Steve Loftus 2/7/2012 Page 1 DESIGN REVIEW BOARD AGENDA PUBLIC MEETING January 18, 2012 Council Chambers 75 South Frontage Road West - Vail, Colorado, 81657 MEMBERS ABSENT Rachel Rachel M David 5 -I -I Vail Racquet Club DRB120007 David Final review of minor exterior alteration (landscaping) 4695 Vail Racquet Club Drive /Unplatted Applicant: Vail Racquet Club Owners Association, represented by Steve Loftus The applications and information about the proposals are available for public inspection during regular office hours in the project planner's office, located at the Town of Vail Community Development Department, 75 South Frontage Road West. Please call 479 -2138 for information. Sign language interpretation available upon request with 24 hour notification. Please call 479 -2356, Telephone for the Hearing Impaired, for information. 2/7/2012 Page 2 5 -1 -2 rnwN of va MEMBERS PRESENT Tom DuBois Brian Gillette Rollie Kjesbo DESIGN REVIEW BOARD AGENDA PUBLIC MEETING February 1, 2012 Council Chambers 75 South Frontage Road West - Vail, Colorado, 81657 MEMBERS ABSENT Pete Dunning Libby Maio PROJECT ORIENTATION 1:OOpm SITE VISITS 1. Holiday Inn — 2211 North Frontage Road West 2. Montgomery — 385 Gore Creek Drive MAIN AGENDA 3:OOpm 1. John Residence DRB110594 / 15 minutes Rachel Conceptual review of an addition (den, entry) 5075 Ute Lane /Lot 29, Block 1, Vail Meadows Filing 1 Applicant: Jan & Maurice John, represented by Pierce Architects ACTION: Conceptual, no vote. 2. Montgomery Residence DRB120008 / 10 minutes Bill Final review of an addition (windows) 385 Gore Creek Drive, Units 301 and 302 (Vorlaufer) Lots 14 -18, Block 5, Vail Village Filing 5 Applicant: John & Helen Montgomery, represented by William Reslock ACTION: Approved with condition(s) MOTION: Gillette SECOND: Kjesbo VOTE: 3 -0 -0 CONDITION(S): 1. The applicant shall revise the clear -story window without divided light on the south elevation to match the mutton pattern of the existing divided light window to the east. 3. MJG Forest Road LLC DRB120014 / 15 minutes Rachel Final review of changes to approved plans (windows, materials, deck railings) 765 Forest Road /Lot 8, Block 2, Vail Village Filing 6 Applicant: MJG Forest Road, represented by Steven Riden, AIA ACTION: Approved MOTION: Gillette SECOND: Kjesbo VOTE: 3 -0 -0 4. Holiday Inn Apex Vail DRB120012 / 15 minutes Rachel Conceptual review (exterior alterations) 2211 North Frontage Road West/Lot 1, Vail das Schone Filing 3 Applicant: Vanquish Vail LLC, represented by Jason Yeash ACTION: Conceptual, no vote. STAFF APPROVALS Peters Residence DRB110591 Warren Final review of an addition (entry) 2/7/2012 Page 1 5 -2 -1 2955 Bellflower Drive /Lot 6, Block 6, Vail Intermountain Applicant: Francine and Alan Peters Snow Forest Chalet LLC DRB120001 Rachel Final review of changes to approved plans (patio and retaining wall) 186 Forest Road /Lot 9, Block 7, Vail Village Filing 1 Applicant: Snow Forest Chalet LLC, represented by Russell Gies Hubbard Residence DRB120005 Final review of an addition (deck) 146 Forest Road /Lot 6, Block 7, Vail Village Filing 1 Applicant: Kathy Hubbard, represented by Craig Snowden Warren Nina McLemore DRB120006 Warren Final review of a sign application (business identification) 183 Gore Creek Drive (Sitzmark Lodge) /Lot A, Block 513, Vail Village Filing 1 Applicant: Nina McLemore, represented by Katie Fiedler The applications and information about the proposals are available for public inspection during regular office hours in the project planner's office, located at the Town of Vail Community Development Department, 75 South Frontage Road. Please call 479 -2138 for information. Sign language interpretation available upon request with 24 hour notification. Please call 479 -2356, Telephone for the Hearing Impaired, for information. 2/7/2012 Page 2 5 -2 -2 rawN of va PLANNING AND ENVIRONMENTAL COMMISSION January 30, 2012 1:OOpm TOWN COUNCIL CHAMBERS / PUBLIC WELCOME 75 S. Frontage Road - Vail, Colorado, 81657 MEMBERS PRESENT MEMBERS ABSENT Luke Cartin Pamela Hopkins Michael Kurz Bill Pierce Henry Pratt John Rediker Tyler Schneidman A report to the Planning and Environmental Commission of an administrative action approving a request for a minor amendment to an approved development plan, pursuant to Sections 12 -8E -6, Development Plan, and 12- 8E -18, Amendment Procedures, Vail Town Code, and an amendment to a conditional use permit, pursuant to Sections 12 -8A -3, Conditional Uses, and 12- 16-10, Amendment Procedures, Vail Town Code, to allow for amendments to a ski lift and tow (i.e. replacement of the Vista Bahn chair lift with a new gondola), located adjacent to 250 Vail Lane/Tract A, Front Door Three Dimensional Subdivision, and Tract E, Vail Village 5 th Filing, and setting forth details in regard thereto (PEC120001, PEC120002). Applicant: Vail Corporation, represented by Mauriello Planning Group Planner: Warren Campbell ACTION: Affirmation of an administrative approval with modifications MOTION: Kurz SECOND: Pratt VOTE: 5 -1 -1 ( Rediker opposed, Cartin recused) CONDITIONS: 1. Vail Corporation shall submit a complete design review application, pursuant to Chapter 12 -11, Design Review, Vail Town Code, to the Town of Vail Community Development Department, for review and approval, by no later than 5:00 pm February 15, 2012. 2. Vail Corporation shall submit a study of the current noise levels of the base tramway (Vista Bahn chair lift) to be used as a baseline for comparison to noise levels of the base tramway of the new gondola. Commissioner Kurz stated that he felt the administrative approvals were appropriate. If traffic was a concern of the Commission they may want to move the item to the regular agenda and hear testimony. He felt that the traffic issues, similar to those in East Vail, should be addressed further by the Police Department and not at this venue. Commissioner Rediker asked how Staff determined these applications were minor amendments and therefore administratively approvable. Warren Campbell explained the issues reviewed, the criteria of the code, and testimony provided in the application. After review of all these elements the determination of administrative approval was made. Commissioner Pierce asked about Town Council's role in this review. Pagge 1 2/7/2(TI 2 5 -3 -I Warren Campbell clarified the Council's call -up ability and the upcoming DRB review Commissioner Pierce recommended the Commission move the item to the regular agenda and discuss it in more depth and hear public testimony. Warren Campbell clarified the procedural steps. Commissioner Rediker asked if there was sufficient public notice if the item was move to the regular agenda. Warren Campbell explained the public notification that had occurred and confirmed that the Code required notification had been provided. Commissioner Rediker made a motion to move this item to the regular agenda. Second by Commissioner Hopkins. Commissioner Cartin recused himself due to a conflict of interest as an employee of Vail Corporation. The motion passed 5 -1 -1 (Kurz opposed, Cartin recused). Chris Jarnot, representing Vail Resorts, identified the applicant's reasoning for proposing to replace the Vista Bahn with a new gondola, presented an overview of the project, provided a history of the past lifts in this location, highlighted the timing with Vail's upcoming 50 Anniversary celebration, explained the relationships of the proposed gondola with the other lifts on the ski mountain, addressed noise levels (a letter from the lift manufacturer stating how the new gondola is quieter than the existing lift was submitted into the record), addressed impacts of the gondola on ski race finishes, identified the relationship to the new 10 restaurant at Mid -Vail, outlined the other required approvals (US Forest Service, State of Colorado Tramway Board, Eagle County building permits, Town of Vail design review and building permits) and anticipated construction schedules, and was available for questions. Commissioner Pratt asked about syphoning skier traffic from Lionshead. Chris Jarnot stated that there was not a shift in skier traffic upon removal of Chair 1 in 2006. Commissioner Hopkins asked about power outages. Chris Jarnot answered that there are diesel generators at the top of the mountain to runthe gondola. Commissioner Hopkins asked about impacts to the maze area. Chris Jarnot answered that the proposal increased the maze area. Commissioner Pierce asked additional questions about the maze. Chris Jarnot noted that the maze design is not finalized, but described the anticipated design on the west side of the structure. Pagge 2 2/7/20T12 5 -3 -2 Commissioner Rediker noted that the 10 restaurant must be a driver for this new lift. He asked questions about the maze and impacts to the ski yard where non - skiers may congregate. Chris Jarnot stated that while the gondola would expand opportunities for the 10 restaurant, the investment of $20 million for the gondola was not a wise investment as the time frame to recoup that investment was likely beyond the life span of the gondola. He reiterated that the investment was an effort to improve customer service and add several luxury elements such as wifi and heated seats. Adding a second gondola makes a statement in the industry about he product Vail offers. Commissioner Hopkins agreed with Commissioner Rediker's concerns about areas for removing skies at the end of the run. Commissioner Kurz asked for clarification if skiers could ski directly to the lift house. Chris Jarnot clarified that no skis would have to be removed.. Commissioner Pierce opened the meeting to the public Sacha Gros, resident, asked for further clarification about how guests access the lift from the east side. Chris Jarnot stated that those approaching the gondola from properties to the east would have to walk a short distance further to get in the maze. Stephanie Whittelsey, resident, asked how non - skiers can access the 10 (must purchase a lift ticket today) and stated her concerns about skier congestion at Mid -Vail. Chris Jarnot anticipated charging for foot passengers in the same manner as the Lionshead gondola. He does not anticipate moving more people to Mid -Vail, but moving early morning crowds faster. Future upgrades to Chair 4 are being considered. A skier education program highlighting terrain options from Mid -Vail will be implemented. When at the base of the mountain in the Vista Bahn ski yard guests have no options but to wait, but at mid -Vail they would have access to multiple other if 4 and 5 are crowded. Marty Head, adjacent property owner, asked about anticipated parking changes. Jim Lamont, Vail Homeowner's Association, stated he won't second guess Vail Resort's expertise with lift design. He said he doesn't see anything particularly wrong with improving year -round access to the mountain. He noted concerns about moving the gondola base further north of the existing lift base and its impacts to both summer and winter family gathering areas, especially with the close proximity of pirate ship park. He doesn't doubt that the gondola will be quieter, but wants evidence that it will be no louder than the existing Vista Bahn. He is concerned that success can lead to excess and is concerned about increased skier drop off problems on Hanson Ranch Road. He noted that this is a Town of Vail problem that the Town needs to step -up its share of the parking enforcement responsibilities. He commented that Ever Vail could relieve year -round traffic pressures and congestion at Golden Peak and this location. He noted that during the design review process, noise can be further addressed. He urged that the application and approval be moved forward and any remaining issues be addressed by the Town Council. Page 3 2/7/2072 5 -3 -3 Bob Bosselli, business owner, noted the positive impacts to businesses and identified the need to educate skiers about navigating the mountain. He asked about impacts to the summer Teva Games. Chris Jarnot stated that Vail Resorts and the Vail Valley Foundation are working on that issue and will establish alternative event locations. Warren Campbell clarified the procedures for a motion to conclude the hearing on this item. He explained that the Commission could affirm, affirm with modifications, overturn, table, or call -up the item if it was felt staff was in error in its administrative approval. Commissioner Rediker asked when staff was contacted by Vail Resorts and where the bike path will be relocated. Warren Campbell stated that he had become aware of the proposal to install a gondola in December a few weeks before the application was submitted. He added that he was aware that Vail Resorts was speaking to others in the organization before he was made aware of the applications that would be submitted. Commissioner Pierce asked for additional information about noise and existing sound levels. He recommended further reviewing the queuing. Commissioner Rediker agreed with Pierce. He recognized the applicant's need to keep moving forward, but wishes applications had been submitted earlier. He generally supports the project, but is concerned about impacts to the skier yard. He has concerns that tents and outdoor display will have negative impacts. Commissioner Pratt applauded VR for improving the lift. He has concerns about the lift base location and impacts to the ski yard. He would like to see this project move forward. Commissioner Schneideman supports the project as submitted, but recommended obtaining metrics for current noise levels. Dominic Mauriello asked if noise concerns could be addressed with the design review application. Commissioner Hopkins asked that the applicant further review the design of the ski yard. Commissioner Pierce asked that a queuing plan be examined and addresses the impacts of the existing public plaza area and demonstrate the demand or capacity is met. Commissioner Hopkins clarified her concerns about peak skier times. Chris Jarnot further explained the proposed lift base and maze locations and usage. He reiterated that they do not intend to move more skiers, but to move the existing number of skiers faster, thus reducing the queuing demands Commissioner Pierce reiterated his concerns about noise. Dominic Mauriello noted that the Town Code address noise concerns. Pagge 4 2/7/20T12 5 -3 -4 5 minutes 2. A request for the review of a final plat, pursuant to Chapter 13 -12, Exemption Plat Review Procedures, Vail Town Code, to allow for the re- subdivision of Lots 2 and 3, Bighorn Subdivision 4 th Addition, located at 4316 and 4336 Streamside Circle West, and setting details in regards thereto. (PEC110063) Applicant: Diamond Assets, represented by Triumph Development Planner: Bill Gibson ACTION: Table to February 13, 2012 MOTION: Kurz SECOND: Tyler VOTE: 7 -0 -0 15 minutes 3. A request for the review of a variance from Section 12 -6D -6, Setbacks, Vail Town Code, pursuant to Chapter 12 -17, Variances, Vail Town Code, to allow for new construction within the front setback, located at 1895 West Gore Creek Drive /Lot 26, Vail Village West Filing 2, and setting forth details in regard thereto. (PEC110061) Applicant: Alejandro Diazayas, represented by Shepherd Resources, Inc. Planner: Bill Gibson ACTION: Approved MOTION: Kurz SECOND: Rediker VOTE: 7 -0 -0 Bill Gibson gave a presentation per the staff memorandum and identified how this request was similar to the three previous setback variances granted to previous owners of this property for house that were never constructed. There was no public comment. The Commissioners expressed their support for the variance due to the unique site conditions which rendering one -half of the lot unbuildable. 60 minutes 4. A request for a recommendation to the Vail Town Council for a zone district boundary amendment, pursuant to Section 12 -3 -7, Amendment, Vail Town Code, to allow for a rezoning from Ski Base /Recreation District to Ski Base /Recreation 2 District, located at 598 Vail Valley Drive /part of Tract B, Vail Village Filing 7, and setting forth details in regard thereto. (PEC110067) Applicant: Ski and Snowboard Club Vail, represented by Tom Braun Planner: Rachel Dimond ACTION: Recommendation of approval MOTION: Kurz SECOND: Pratt VOTE: 4 -2 -1 (Pierce and Rediker opposed, Cartin recused) Luke Cartin stated he was recusing himself due to his wife's employment with Ski and Snowboard Club Vail. Rachel Dimond made a presentation per the staff memorandum. Commissioner Pierce asked what the dwelling unit/acre requirements are for other similar other zone districts. Rachel Dimond stated that Commercial Core 1, Public Accommodation and High Density Multiple Family have a maximum allowable density of 25 dwelling units /acre, Medium Density Multiple Family has a maximum allowable density of 18 dwelling units per acre and Low Density Multiple Family has a maximum allowable density of 9 dwelling units /acre. The proposed Ski Base Recreation 2 maximum allowable density is 8 dwelling units /acre. Page 5 2/7/2012 5 -3 -5 Tom Braun, representing the applicant, introduced several representatives. Aldo Radamus, the Executive Director of SSCV, made a presentation on the growth of the club and the expansion in programs offered over the years. He stated that the Club is not actively seeking to grow, but to better serve the community. Tiffany Hoverstein, CFO and Business Manager of SSCV, discussed the growth of the ski club from 100 in the 1970s to over 500 today. She spoke to the economic benefits of the Club from early season training groups. SSCV has 133 employees and hosts over 40 events throughout the season. Tom Braun made a power point presentation highlighting the challenges of the current space and the anticipated programmatic needs of a new building. Bob McCleary, representing Manor Vail Condominium Association, stated that he understands what was presented today. His Association has questions regarding, bulk, mass, traffic, etc. He and his group understand that drawings haven't been done, but some conceptual plans might have addressed several of the questions he heard. Jim Lamont, representing the Vail Homeowners Association, spoke to the letters that the Town has received asking for a development plan to accompany the rezoning request. Without a rezoning, there would be no dwelling units on the site. He stated that the nervousness of the neighborhood is the introduction of the dwelling units on the site. Schematic plans are necessary to help the neighborhood understand the changes that are going to be suggested. He expressed concern about the small lot area and the demonstrated program needs for the site. Jim Aiken, representing Northwoods Condominium Association, stated their support for the goal of improving the program. Northwood's concern is traffic on Vail Valley Drive. He added that he is concerned about the need to expand in the future. Diane Milligan, manager of the Rams -Horn Condominium Association, said they are proud of the SSCV and her owners are asking form some sort of a visual representation of the proposal. They do not believe this is an undo burden to provide. She added they are concerned about traffic impacts and the safety of pedestrians. Commissioner Kurz expressed pride in the success of the club. He said he understands the desire of the neighboring properties to see a rendering; however, the development parameters are straight forward and the outlay of funds by a non - profit is risky. He said he is in favor of the rezoning without the provision of the imagery. Commissioner Rediker expressed a belief in the appropriateness of the proposed zone district. He said traffic will not necessarily improve. He does not believe the Commission can make findings without a development plan with regard to review criteria 2, 3, 4, and 5. Commission Pratt stated that a rezoning is appropriate. He added that a rezoning approval does not guarantee building property line to property line and that the development plan will be highly scrutinized. Commissioner Hopkins agreed that a sketch now would be without critical thought. The eventual development plan will be scrutinized. Traffic on Vail Valley drive as always will be a concern. Commissioner Pierce stated the Commission needs to be aware of the issues being created through the change in allowable uses on the site. The program is a success and traffic cannot Page 6 2/7/2072 5 -3 -6 not get worse. He said he is very concerned about setbacks and would like to hear from the adjacent property owner and their needs in the future. He stated concern about the height permitted in SBR2. He said a volume massing model could be easily prepared and submitted. He voiced concern about approving a 43 feet height limit. He said there may be an issue with the required parking. He said because of his concerns, he is not in favor or moving forward at this point without a basic site plan and volume study. Tom Braun responded to the commissioner's comments, including John Rediker's comment that the criteria cannot be reviewed. He added that Pierce's comments regarding height will be reviewed again with development plan. Commissioner Pierce stated for the record that the site should not be solely residential. He suggested a percentage of GRFA of the floor area for the SSCV. 30 minutes 5. A request for the review of amendments to a conditional use permit, pursuant to Section 12 -16- 10, Amendment Procedures, Vail Town Code, to allow for additions to the Vail Public Library, located at 292 West Meadow Drive /Part of Lot 5, Block 1, Vail Lionshead Filing 2, and setting forth details in regard thereto (PEC110066). Applicant: Town of Vail, represented by Snowdon and Hopkins Architects Planner: Bill Gibson ACTION: Approved with condition(s) MOTION: Kurz SECOND: Rediker VOTE: 6 -0 -1 (Hopkins recused) CONDITIONS: 1. This conditional use permit approval is contingent upon the applicant obtaining Vail Town Council approval of the release or exchange of the existing library employee housing deed restriction in accordance with Chapter 12 -13, Employee Housing, Vail Town Code. 2. This conditional use permit approval is contingent upon the applicant obtaining Town of Vail approval of the associated design review application. Commissioner Hopkins recused herself as she is working on the project Bill Gibson gave a presentation per the staff memorandum. He highlighted parking and employee housing as the two topics which needed to be addressed. Commissioner Pierce summarized that the issue regarding the EHUs is that they are in an area that requires no net loss per the master plans which sounds like the preverbal shooting yourself with your own gun. Commissioner Kurz asked why the proposed improvements are being made to the library Pam Brandmeyer, Assistant Town Manager, described how the first floor of the library was the "prime real estate" of the building that should be used to serve the public rather than function as staff offices. By relocating the offices to the lowest level, first floor area would be converted to new tutoring rooms and expanded computer /technical areas. Commissioner Cartin asked about the high stream flows such as the July flood and what is being done to address the situation. Greg Hall spoke to how the July flood occurred and how the culvert system has been improved to prevent this situation in the future. Pagge 7 2/7/20T12 5 -3 -7 Commissioner Pratt asked questions about the history of the existing EHUs. Greg Hall provided additional background on the historical uses of the library building. Commissioner Pratt is wondering if the EHU requirement is still in effect. Bill Gibson provided additional information about the Town's adopted EHU policies and future policy discussions that may be needed around the unclear EHU policies. Greg Hall spoke to the conversation with the Town Council, as the property owner, that occurred prior to coming before the PEC hearing. Commissioner Rediker spoke to the EHU situation as a member of the Vail Local Housing Authority. He described how the 1999 EHU was constructed for the specific housing needs for some seasonal Australian bus drivers. He also described the VLHA's discussions about mitigating the loss of this EHU. 5 minutes 6. A request for a final recommendation to the Vail Town Council for prescribed regulations amendments to Title 12, Zoning Regulations and Title 14, Development Standards, Vail Town Code, pursuant to Section 12 -3 -7, Amendment, Vail Town Code, to provide regulations that will implement sustainable building and planning standards, and setting forth details in regard thereto. (PEC090028) Applicant: Town of Vail Planner: Rachel Dimond/ Kristen Bertuglia ACTION: Table to February 13, 2012 MOTION: Kurz SECOND: Tyler VOTE: 7 -0 -0 5 minutes 7. A request for a recommendation to the Vail Town Council for a prescribed regulations amendment, pursuant to Section 12 -3 -7, Amendment, Vail Town Code, to amend Chapter 12 -22, View Corridors, Vail Town Code, to allow for the maintenance of designated view corridors impacted by vegetation, and setting forth details in regard thereto. (PEC110056) Applicant: Town of Vail Planner: Warren Campbell ACTION: Table to February 13, 2012 MOTION: Kurz SECOND: Tyler VOTE: 7 -0 -0 5 minutes 8. A request for findings of fact and a determination of accuracy and completeness, pursuant to Chapter 12 -3, Administration and Enforcement, Vail Town Code, and Article 12 -713, Commercial Core 1 District, Vail Town Code, for applications for a major exterior alteration, pursuant to Section 12 -713-7, Major Exterior Alterations or Modifications, Vail Town Code, to allow for the addition of GRFA (Rucksack Building), located at 288 Bridge Street, Unit R -2/ Part of Lots C & D, Block 5A, Vail Village Filing 1, and setting forth details in regard thereto. (PEC110045); and a major exterior alteration, pursuant to Section 12 -713-7, Major Exterior Alterations or Modifications, Vail Town Code, to allow for additions of enclosed floor area; a variance, pursuant to Chapter 12 -17, Variances, Vail Town Code, from Section 12- 14 -17, Setback from Watercourse, Vail Town Code, to allow for encroachments into the Mill Creek setback and a variance, pursuant to Chapter 12 -17, Variances, Vail Town Code, from Section 12- 713-15, Site Coverage, Vail Town Code, to allow for additions of enclosed floor area in excess of allowable site coverage, located at 288 Bridge Street, Unit R -1 (Rucksack Building)/ Part of Lots C & D, Block 5A, Vail Village Filing 1, and setting forth details in regard thereto. (PEC110046, PEC110050) Appellant: Bridge Street Building, LLC Planner: Rachel Dimond ACTION: Table to February 13, 2012 Page 8 2/7/2072 5 -3 -8 MOTION: Kurz SECOND: Tyler 9. Approval of January 9, 2012 minutes MOTION: Rediker SECOND: Cartin 10. Information Update VOTE: 7 -0 -0 VOTE: 6 -0 -0 Informed the Commission that iPads would be provided at a future hearing and training provided on there use. Staff explained that the iPads would become the hardware to be used for the review of the digital packets and at the hearing. 11. Adjournment MOTION: Kurz SECOND: Cartin VOTE: 6 -0 -0 The applications and information about the proposals are available for public inspection during regular office hours at the Town of Vail Community Development Department, 75 South Frontage Road. The public is invited to attend the project orientation and the site visits that precede the public hearing in the Town of Vail Community Development Department. Please call (970) 479 -2138 for additional information. Sign language interpretation is available upon request with 24 -hour notification. Please call (970) 479 -2356, Telephone for the Hearing Impaired, for information. Community Development Department Published January 20, 2012, in the Vail Daily. Page 9 2/7/2012 5 -3 -9 K � TOWN OF'VA10 VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: Please interview one applicant for the Vail Local Licensing Authority (VLLA) at the work session and appoint one applicant to the VLLA at the evening meeting. The term is to fill a vacancy left by a member who moved out of town; the term expires May 31, 2012. The town received one application that meets the criteria for this board vacancy. The applicant is Michael Hannigan. PRESENTER(S): Pam Brandmeyer ACTION REQUESTED OF COUNCIL: Please interview Michael Hannigan at the work session. BACKGROUND: A vacancy occurred when one of the board members moved out of town. This appointment is to fill the vacancy of the term left by that member. STAFF RECOMMENDATION: Appoint one member, at the evening meeting, to the VLLA to fill a vacancy which term expires May 31, 2012. ATTACHMENTS: Memo for VLLA vacancy 020712 Hannigan Letter of Interest 020712 2i7/2012 m �� MEMORANDUM TO: Town Council FROM: Lorelei Donaldson DATE: February 7, 2012 SUBJECT: Appointment of Vail Local Licensing Authority (VLLA) Applicant There is currently one vacancy VLLA. The Town received one (1) qualified applicant's letter of interest for the vacancy. The Council needs to interview the applicant at the work session and then appoint one applicant to the VLLA at the evening meeting. The applicant is Michael Hannigan Staff is requesting that the Town Council interview and appoint one member to the VLLA to fill a vacancy left by a board member who moved out of town. The balance of the term goes to May 31, 2012 2i7i2012 6 -1 -1 Lorelei Donaldson From: michael hannigan <michaelhannigan13 @hotmail.com> Sent: Monday, January 23, 2012 3:14 PM To: Lorelei Donaldson Subject: Liquor Board Interest Hello Lorelei, My name is Michael Hannigan, I have been living and working in Vail for nearly 20 years. My work experience is quite vast from my first job working for the Vail Race Dept. to my current small business Alpine Plowing. However, throughout the years I have always worked in resturants and bars for both the extra hours and extra income. I have been bartending at Vendetta's for 17 years, and Samana Lounge of 7 years, as well as, working at the Ford Amphitheater for a few summers, and at State Bridge Lodge. It would be safe to say that I have made my living in Vail as a professional bartender. With age comes more responsiblity, and I am writing this letter to you to express interest in the current available postion on the Vail Liquor Board. I would love to give back to the community that has given so much to me. Starting my own small business, I see the potential still for growth within the Town of Vail. As a member, I would promote business - community related topics, and am very interested in upcoming Town of Vail special events. Being a professional in the sevice industry, I want all of our towns guest to have a safe, enjoyable Vail experience throughout the year. I feel my prior work experience as a professional bartender, who has always been T.I.P.S. certified, will complement those strong community memebers who already serve on the Vail Liquor Board. Please feel free to contact me directly at 970 -376 -6884 with any questions. I would really appreciated the opportunity to be more connected to the community, and to give back in a way that I feel I have some experience in. Thank you and I look forward to working with you in the future. Sincely, Michael Hannigan Alpine Plowing Alpine Yoga Ct e r ":D 162 2/7/2012 I 6 -2 -1 0 K � TOWN OF VAI!% VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 PRESENTER(S): George Ruther ACTION REQUESTED OF COUNCIL: A work session to present information on the municipal site redevelopment project including: Project Progress Update Probable Construction Cost Estimate Project Schedule BACKGROUND: The municipal site redevelopment project is a partnership betweem the Town of Vail, the Vail Valley Medical Center, the Steadman Clinic, the Steadman Philippon Research Institute and Howard Head Sports Medicine to construct a new municipla office building and a new medical office building in an effort to sustain and grow Vail's year -round ecomony. STAFF RECOMMENDATION: As this is a work session, staff does not have a formal recommendation at this time. ATTACHMENTS: Municipal Site Redevelopment 2i7/2012 TOWN OF VAIL � TO: Vail Town Council FROM: George Ruther, Director of Community Development DATE: February 7, 2012 SUBJECT: Municipal Site Redevelopment Project PURPOSE Memorandum The purpose of this meeting is to present information on the municipal site redevelopment project including: • Project progress update, • Probable construction cost estimate, and • Current project schedule. The municipal site redevelopment project is a partnership between the Town of Vail (ToV), the Vail Valley Medical Center (VVMC), the Steadman Clinic (SC), the Steadman- Philippon Research Institute (SPRI) and Howard Head Sports Medicine (HH) to construct a new municipal office building and a new medical office building on the Town's municipal office site in an effort to sustain and grow Vail's year -round economy. II. KEY POINTS OF THE PROJECT • The redevelopment site includes the westernmost 2 /3rds of the ToV municipal office site. • Two separate buildings (ToV municipal offices and MOB) to be constructed. • The medical office building (MOB) and the Town offices total approximately 77,401 square feet of gross building space. (MOB 55,551 sq. ft. & TOV 21,850 sq. ft.) • A +/ -200 space below grade parking garage would be constructed to accommodate the vehicle parking need. • Pedestrian bridge over South Frontage Road to provide circulation between MOB and VVMC. • Helipad requires temporary relocation to Ford Park at VVMC's expense. • Mitigation of development impacts is required (i.e., employee housing, traffic impact fee, art in public places, etc.). • Development application fees, building permit and plan review fees, and construction use tax payments are required. • ToV to receive $5 million payment for land cost or credit towards development costs. • MOB office space to be owned by SC and VVMC. A portion of the office space is to be leased back to SPRI and HH. • The ToV municipal offices are displaced for the duration of the redevelopment project construction period ( +/- 21 months). 2/7/2012 7 -1 -1 III. TOWN OF VAIL DESIGN PROGRAM • Two to Three -story tall building atop a one -story tall parking level podium. • ToV to include +/- 18,000 net usable square feet and +/- 21,500 gross square feet. • Vehicle parking provided in a below grade structure. • Uses include administration, community development, finance, human resources, information technology, municipal court, police, town council chambers and community meeting space. • Police department addition to remain with minor interior remodeling and exterior alterations. IV. PROJECT UPDATE A significant amount of progress has occurred since the last meeting of the Vail Town Council. The following actions have been completed since January 17 th : • The MOU was revised and executed pursuant to Resolution No. 6, Series of 2012, • The Request for Proposals (RFP) for architectural design and construction document services was prepared and released, • Schematic Design Option 5 of the municipal building was completed, and • Options analysis for temporary ToV office relocation is underway. A series of required next steps has been identified. Next steps include: • Draft the purchase and sales agreement for the new MOB site, • Draft the outline of the binding development agreement by and between the partners, • Review RFP responses and initiate the architectural design team selection process, • Determine the Town's preference for project development options (at -risk developer, development manager, etc.), and • Refine options for the temporary office relocation, including identifying build out options and cost. V. PROBABLE CONSTRUCTION COST ESTIMATE On October 18, 2012, the ToV and its partners entered into a Phase 2 Consulting Agreement for Predevelopment Services with Triumph Development, LLC. In part, the Agreement obligates Triumph to provide the partners a refined development budget and schedule. A probable construction cost estimate has been prepared for the ToV portion of the municipal site redevelopment project. The cost estimate was prepared based upon assumptions made to date on the new office building with the cost estimating assistance of R.A. Nelson, a local general contractor. As it is likely R.A. Nelson will opt to competitively bid on all, or a portion, of the project, staff has not included the itemized cost breakdown in the public packet. Instead, a summary of the total costs has been provided. Town staff and the consultant can address any specific cost questions which may arise. The summary of total costs is based upon Option 4, Vial Municipal Building Office plans totaling 25,600 sq. ft. (includes surplus office space for not for profit) and the proposed project totaling 21,500 sq. ft. (Attachment A, comparative cost analysis, dated 2/2/12). A project management fee has not been included as the Town's preference of development options has not been determined. 2 2/7/2012 7 -1 -2 VI. SCHEDULE The development schedule milestones and durations are outlined below: • Issue ToV Design RFP Feb. 1, 2012 Option 4, Vail Municipal Office Building plans, 10, Jan 2012 • Architect Selection Mar. 6, 2012 • Design Development Mar. 2012 — May 2012 • Final Legal Document Prep. Mar. 2012 — Apr. 2012 • ToV Entitlement Process Apr. 2012 —July 2012 • Construction Documents (CD's) Aug. 2012 — Dec. 2012 • Final CDOT Approval Sept. 2012 —Apr. 2013 • ToV Office Relocation Apr. 2013 —Jan. 2015 • Construction May 2013 — Jan. 2015 VII. ATTACHMENTS Attachment A Comparative Project Cost Analysis, dated 2/2/12 Attachment B Option 4, Vail Municipal Office Building plans, 10, Jan 2012 Attachment C Option 5, Vail Municipal Office Building plans, 30, Jan 2012 3 2/7/2012 7 -1 -3 Vail Medical & Muncipal Office Development Town of Vail Development Budget Square Feet Land Hardcost - Garage Hardcost - Site & Offsite Hardcost - MOB Hardcost - Police Integration TOV Swing Design & Soft Contingency FF &E Project Management Fee 2/2/12 25,600 21,500 (5,000,000) (5,000,000) 3,212,000 3,212,000 1,406,000 1,406,000 8,146,000 6,846,000 405,000 405,000 850,000 850,000 700,000 700,000 7.5% 1,104,000 1,006,000 Total Costs 10,823,000 9,425,000 0 2/7/2012 7 -1 -4 STAIR 2W SF I I RAMP I LINE OF GARAGE BELOW DOWN I I I I I C; I GRADE I LEVEL ENTRY I I I LEVEL 1 GARAGE STAIR LOBBY ACCESS ACCESS TO LEVEL 2 I POLICE DEPT. �L v c �wosTwa I I I LOBBY STAIR aea s F RR PR ENTRY zno sF 1 SF ]S SF LINE OF GARAGE BELOW � NEW ENTRY TO OFFICES 11 POLICE DEPT 5 v7/2012 7-1 -s BUILDING GROSS 22000 SID FT LEVEL 1 OFFICES W/ RR 1898 SQ FT VAIL MUNICIPAL BUILDING - OPTION 4 10 JAN 2012 -- -` - - -- STAIR STAIR EXIST. WOMEN T. SCRIBE 200 CF 1. OR DC OFFICES 9585 SF USTOME R Wool es�aw SERVIC 310 CF CIRCULATION 1174 SF GRAND STAIR Sli 5F 1 o PEx'na E� w ! RECEPTION SOO SF VEST_ VEST. EXIST. O MEN CLERK LOST AND FOUND POLICE DEPT. REMODEL ox ox a 1077 CF EXTEND NEW EXTERIOR FINISHES TO NORTH FACADE OF EXISTING POLICE BUILDING POLICE DEPT. REMODEL: INSTALL NEW WALL, CEILING, & FLOOR FINISHES INCLUDING LIGHTING, ELECTRICAL, AN D MECHANICAL UPGRADES OFFICES C0UR CLERK! J ❑GE 1371 CF p� Exeinxo� B SF EXTEND NEW STAI ELEVI REMODEL EXISTING EXTERIOR POLICE NTRY ELEVATOR FINISHESTO 200 SF SOUTH FACADE 2a SF OF EXISTING POLICE BUILDING LEVEL GARAGE STAIR ACCESS TO LEVEL 2 POLI CE DEPT. LEVEL 2 BUILDING GROSS 22000 SQ FT VAIL MUNICIPAL BUILDING - OPTION 4 10 JAN 2012 6 2/7/2012 7 -1 -6 " I q A LEVEL 3 BUILDING GROSS 22000 SO FT VAIL MUNICIPAL BUILDING - OPTION 4 10 JAN 2012 2/7/2012 7 -1 -7 LEVEL 4 BUILDING GROSS 22000 SQ FT VAIL MUNICIPAL BUILDING - OPTION 4 10 JAN 2012 2/7/2012 7 -1 -8 I NECIIANICAL 878 IF I I RAMP LINE OF GARAGE BELOW DOWN AO% (D b GRADE LEVEL GARAGE ENTRY e244 sF LEVEL 1 GARAGE STAIR PEDESTRI AN GARAGE - LOBBY ACCESS ACCESS TO LEVEL 2 Elv POLICE DEPT. c AxosTwR LOBBY STAIR I 883 S200 SF ENTRY zs sF LINE 6F GARAGE BELOW � NEW ENTRY TO OFFICES POLICE DEPT. rueuc [NON- PROFIT} 554 S F BUILDING GROSS 22000 SQ FT LEVEL 1 OFFICES w/ RR 1898 SQ FT VAIL MUNICIPAL BUILDING - OPTION 5 30 JAN 2012 9 lw U : w is 2/7/2012 7 -1 -9 EXTEND NEW EXTERIOR FINISHES TO NORTH FACADE OF EXISTING POLICE BUILDING LEVEL 2 VAIL MUNICIPAL BUILDING - OPTION 5 30 JAN 2012 10 2i7/2012 POLI CE DEPT. REMODEL. INSTALL NEW WALL, CEILING, & FLOOR FINISHES INCLUDING LIGHTING, ELECTRICAL, AND MECHANICAL UPGRADES. EXTEND NEW EXTERIOR FINISHES TO SOUTH FACADE OF EXISTING POLICE BUILDING I a 7-1 -10 COUNCIL AN STORAGE BREAK -OUT STORAGE KITCH 62 SF 52 SF 566 SF 26 SF 49 SF F STAIR m 200 SF COUNCIL 144 Seats CHANGERS m m 2157 SF m NtEra woro>Erl 1875F 239 SF ROOF HE- RECEPTION ______ _ FIREPI E 375 SF PUBLIC ® OFFICES 1036 SF GRAND STAIR I I Ir7f�J1 0 o a 0 RR 35 SF CIRCULATION 493 SF ' I'OIEP UPGRADES 1 M ODI' CATIONS 10 EXISTING SYSTEMS (ROOFTOP UNITS) -7 LEVEL 3 '. VAIL MUNICIPAL BUILDING - OPTION 5 30 JAN 2012 11 217 /2012 7-1 -11 VAIL TOWN HALL PRE-DESIGN OPTION CALCULATIONS PierceArchftem �■■® MM 12 2/7/2012 7 -1 -12 K � TOWN OF VAI!% VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: Information Update and Attachments: 1) November 2011 All Store Same Store Sales Report - Kelli McDonald 2) Economic Indicators May — October 2011 - Kelli McDonald 3) Winter Teva Mountain Games schedule - Kelli McDonald 4) Cell Tower Update - Ron Braden 5) Revenue Highlights - Kathleen Halloran 6) Aspen 'Scale' Update - Gregg Barrie 7) December 2011 Sales Tax - Sally Lorton 8) Vail Library Update Discussion: - Schedule /delayed start - Entitlements -Code and design issues - Relocation for satellite bidding /contractor selection PRESENTER(S): Various ATTACHMENTS: Vail Same Store Economic Indicators May- October 2011 Winter Teva Mountain Games schedule Cell Tower Update Revenue Highlights Aspen "Scale" Issue memorandum 020712 December 2011 VBR/Sales Tax 2i7/2012 Town of Vail - Sales Summary Winter 2011112, as of 11/30/11 This monthly Sales Tax Collection Summary provides both graphic and brief supporting narrative summaries of sales tax collections in the Town of Vail. It is prepared monthly by town staff in conjunction with MTRIP, and is intended to provide summary information for town management, Town Council, the Vail Economic Advisory Council (VEAC), and Vail Local Marketing District Advisory Council (VLMDAC). 1. Series One is an "All Store" series of sales tax collections from all businesses. The report series is best used to evaluate total sales activity for the current season, compared to last season, and is broken down by both geographic and business segments. 2. Series Two is a "Same Store" fixed set of select businesses (see table below), using gross sales revenue, and is best used to compare the performance of a fixed set of established businesses. 3. Series Three is a Comparison of Set One and Set Two, and can be used to compare and contrast the initial two sets. Comparisons between the two are based on percentage change year over year, thereby mitigating the fact that Series One—All Store is based on sales tax collections and Series Two —Same Store is based on gross sales. All Report sets are further broken down by Geographical subset and by Business Segment. Reports compare current season -to -date results against the previous season, where "Summer" is May — October, and "Winter" is November — April. Note: For purposes of the Series Two "Same Store" comparison, the following businesses are included in their respective sets: The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRIP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Ecot 6kPDevelopment Manager (970.479.2454, kmcdonald @vailgov.com 8 -I -I LODGING RETAIL RESTAURANT VAI L VI LLAG E Austria Haus American Ski Exchange Blu's Gasthoff Gramshammer Blitz La Tour Lodge at Vail Colorado Footwear Red Lion Mountain Haus Golden Bear Russell's Sonnenalp Gorsuch Sweet Basil Vail Mountain Lodge Roxy Vendettas LIONSHEAD Antlers Charlie's T- Shirts Bart & Yeti's Destination Resorts Double Diamond Billy's Lift House Lions Head Jewelers Garfinkel's Lion Square Swedish Clog Cabin Les Delices De France Marriott Vail Ski Bike Tech Moe's Montaneros Vail T -Shirt Montauk The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRIP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail Ecot 6kPDevelopment Manager (970.479.2454, kmcdonald @vailgov.com 8 -I -I Town of Vail - Sales Summary Winter 2011112, as of 11/30/11 Series 1: ALL STORE report for Winter 2011/12 (Nov 11 thru Apr 12) ACTUALS BY MONTH "All Store" Sales Tax Collections Winter 2011112 vs. Winter 2010111 1111 D..3 -n 11 \11 ..A- -- -I D--I - ..- -..dam I U I ..A- -- I LI D..�b........�� $120,000 $100,000 c $80,000 o X $60,000 1n $40,000 $20,000 $0 N N N N N N Month (Year- over -year %changeshown above month labels) SEASON -TO -DATE CHANGE "All Store" Sales Tax Collections Winter 2011112vs. Winter 2010111 45% 40 0 Z 35% o U 30 °A X 25-A fn - 20 rn 15% U 10% a 5 °A 0 °A ■ VV+LH Combined ❑ Vai I Vi I I age ®Lionshead 39.3 o O$ Change 4— Winter 2010/11 ♦ tWinter 2011/12 16.7 n 14.8 i 1]h 39h 18h Ph 1Sh 3h N N N N N N Month (Year- over -year %changeshown above month labels) SEASON -TO -DATE CHANGE "All Store" Sales Tax Collections Winter 2011112vs. Winter 2010111 45% 40 0 Z 35% o U 30 °A X 25-A fn - 20 rn 15% U 10% a 5 °A 0 °A ■ VV+LH Combined ❑ Vai I Vi I I age ®Lionshead 39.3 o 16.7 14.8 6.6 45 40 35 x 30% d 25% N 20 z 15% U 10% a 5% 0% VV Retail VV Lodges VV Restaurants LH Retail LH Lodges LH Restaurants In November 2011, sales tax collections were up in all sectors /locations. Winter total sales tax collections are UP in all categories: • VV retail • LH retail • VV lodges • LH Lodges • VV restaurants • LH restaurants November sales tax collections were UP in all categories: • VV retail • VV lodges • VV restaurants • LH retail • LH lodges • LH restaurants The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail EcoibkL Manager (970.479.2454, kmcdonald @vailgov.com 8 -1 -2 Retail Lodges Restaurants MONTHLY CHANGE "All Store" Sales Tax Collections Winter 2011112 vs. Winter 2010111 Town of Vail - Sales Summary Winter 2011112, as of 11/30/11 Series 2: SAME STORE report for Winter 2011/12 (Nov 11 thru Apr 12) ACTUALS BY MONTH "Same Store" Gross Sales Winter 2011112vs. Winter 2010111 $800,000 VV Retail VV Lod es VV Restaurants LH Retail $700,000 $600,000 $500,000 $400,000 $300,000 E $200,000 $100,000 $0 $100 000 e ■VV+LHCombined ❑ Vail Village o Lionshead .1 % 6.1%. :l j [ 8.1% 8.0% 8.1 % 5.2 O$ Change +Winter Winter .0.8% 2010/11 2011/12 N N N N N N Month (Year- over -year % change shown above month labels) SEASON -TO -DATE CHANGE "Same Store" Gross Sales Winter 2011112 vs. Winter 2010111 25°k d 20°k rn ° 15°k E Cz =� took rn a 0 o -5 °%c 21.5% ■VV+LHCombined ❑ Vail Village o Lionshead .1 % 6.1%. :l j [ 8.1% 8.0% 8.1 % 5.2 .0.8% Retail Lodges Restaurants MONTHLY CHANGE "Same Store" Gross Sales Winter 2011112 vs. Winter 2010111 25 d 20% 15% E 10% 5% 0% -5 VV Retail VVLodges VVRestaurants LH Retail LH Lodges LH Restaurants Winter total "same store" gross sales are UP for: • VV retail • LH retail • VV lodges • LH lodges • VV restaurants Winter total "same store" gross sales are DOWN for: • LH restaurants November "same store" gross sales were UP for: • VV retail • VV lodges • VV restaurants • LH retail • LH lodges November "same store" gross sales were DOWN for: • LH restaurants The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail EccriG )L Manager (970.479.2454, kmcdonald @vailgov.com 8 -1 -3 LHLod es LH Restaurants " Same store" gross sales were up in November in all sectors /locations except LH restaurants. Town of Vail - Sales Summary Winter 2011112, as of 11/30/11 Series 3: COMPARISON: ALL STORE VS SAMES STORE for Winter 2011/12 (Nov 11 thru Apr 12) SEASON -TO -DATE CHANGE This winter, "same store" gross sales are "All Store" vs. "Same Store' Winter 2011112vs. Winter 2010111 outpacing "all store" sales tax collections for: • LH retail 8 oA Retail Lodges Restaurants 600A — ❑ALLSTORE: Winter 2011112 to date ®SAME STORE: Winter 2011112 to date o This winter, "same store" gross sales are trailin all store" sales tax collections for: 4 00A e • VV retail 26% VV lodges - • LH lodges • VV restaurants o% • LH restaurants -2 00A n -400A -60 VV +LH VV LH VV+LH VV LH VV+LH VV LH MONTHLY CHANGE: VV + LH COMBINED "All Store" vs. "Same Store" Winter2011112 vs. Winter 2010111 Monthly detail — VV+ LH combined • Retail "Same store" trailed "all store" in Retail Lodging Restaurants November. 6 °% • Lodging "Same store" trailed "all store" 600A - in November. 0 °A • Restaurants "Same store" trailed "all 46 X. 26 0 A store in November. 0% -20% n -40 ❑ALLSTORE: %Change,2011112 vs.2010111 ®SAMESTORE: %Change,2011112vs. 2010111 -60% N Tot. N Tot. N Tot. MONTHLY CHANGE: VAIL VILLAGE "All Store" vs. "Same Store" Winter2011112 vs. Winter 2010111 Monthly detail — VV d Vail Village Retail Vail Village Lodging Vail Village Restaurants • Retail: "Same store" trailed "all store" in November. 6 °% 0A • Lodging "Same store" trailed "all store" 66 in November. 0 • Restaurants "Same store" trailed "all 46% a store in November. 26 e 0% -20°k ❑ALLSTORE: %Change, 2011112 vs. 2010111 ®SAMESTORE: %Change, 2011112 vs. 2010111 n -40°k -60°k N Tot. N Tot. N Tot. The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail EcoibkPDevelopment Manager (970.479.2454, kmcdonald @vailgov.com 8 -1 -4 Town of Vail - Sales Summary Winter 2011112, as of 11/30/11 80°k 1 60°k 0 40°k t7 20°k 0°/I -20% n -40% -60% MONTHLY CHANGE: LIONSHEAD "All Store" vs. "Same Store' Winter 2011112 vs. Winter 2010111 Lionshead Retail Lionshead Lodging El ALL STORE: % Change, 2011112 vs. 2010111 ❑SAMESTORE: % Change, 2011112 vs. 2010111 FTT�I e a N Tot. N Tot. N Tot. Lionshead Restaurants Monthly detail — LH • Retail "Same store" outpaced "all store" in November. • Lodging "Same store" trailed "all store" in November. • Restaurants "Same store" trailed "all store" in November. The report is produced by the Town of Vail Economic Development Office, with data provided by the Town of Vail Finance Department, and is prepared by MTRiP, the Mountain Travel Research Program. For further information, please contact: Kelli McDonald, Town of Vail EcoibkPDevelopment Manager (970.479.2454, kmcdonald @vailgov.com 8 -1 -5 TOWN OF VA� MOUIiTRIM R£SEPRCII Town of Vail Economic Indicators Summary: January 2012 Update (Based on data as of October 31, 2011) INTRODUCTION: This introduces a summary report of Vail Economic Indicators based on October 31, 2011 data and was updated once summer (May — October) data became available. This summary is intended to provide a review of recent economic activity and to serve as a benchmark from which future activity can be compared. The data is depicted by general category (Tourism, Real Estate, Town Revenue, Business Growth and Macroeconomics) and revised seasonally (Winter: November — April; Summer: May — October). While the base data is presented in a chart format, this brief summary is provided as a part of the Town of Vail 2011 Economic Development Strategic Plan and is limited in scope by the availability of data from secondary sources, and thought to be generally accurate but not independently verified. As a result, it is most suitable for use as a general overview. The narrative overview below is supported by a more granular chart (attached). Most statistical comparisons are based on year- over -year comparisons as of October 31, 2011, vs. October 31, 2010, and reflect a summer seasonal view (May — October) unless otherwise indicated: TOURISM indicators have steadily increased over the last two years, some of which have nearly returned to pre- recessionary times of 2008. Despite the inconsistent growth of the overall economy, Vail has seen steady increases in summer lodging occupancy, average daily rate and revenue per available room. Lodging occupancy in Vail during the summer of 2011 increased over the previous year ( +6.7 %) as did average daily rate ( +3.8 %) resulting in a significant increase in revenue per available room ( +10.8 %), excluding new properties for which there is no historical comparative data. When comparing Vail to other U.S. western mountain resorts (based on overall MTRiP industry data), the "industry" increased in all three lodging metrics but to a lesser degree than Vail with occupancy increasing +6.4% and average daily rate increasing +0.4% resulting a year over year percentage change in revenue per available room of +6.7 %, compared to Vail's +10.8% increase. Traffic through the Tunnel declined for the second year in a row (- 4.8 %), possibly due to the dramatic increase in gas prices from the previous summer ( +29.2 %) nearing the all -time highs during the summer of 2008. The amount of vehicles in to the Vail parking structures increased dramatically ( +106.6 %), which resulted in a decrease in the number of cars on the Frontage Road (- 36.7 %), likely as a result of Town of Vail policy of only allowing Frontage Road parking when parking structures were full. Additionally, the number of guests who flew in to the Eagle County Regional Airport decreased by -14.4% but increased slightly at Denver International Airport ( +1.0 %). Website visits to www.vail.com increased for the second summer in a row from the previous summer ( +15.8 %), possibly due to the Vail Local Marketing District's continued effort to drive Internet traffic to the site. 29 different special events took place during the summer months. Total attendance /participation increased ( +7.0 %), where 19 of these event increased their attendance from last year and 8 events had declining or static attendance. Two new events took place, the most notable being the USA Pro Cycling Challenge, which garnered 30,000 spectators /participants. Tourism indicators continue to show inconsistent trends but overall are moving in a positive direction and attribute to tangible increases in sales and lodging tax (see Town Revenue Metrics).The combination of newly completed lodging and retail, along with the absence of construction related eyesores and significant growth in visitation and special events has added significantly to the overall ambience and impression that Vail has arrived as a summer destination in its own right. REAL ESTATE indicators had shown significant increases in all areas during the summer of 2010 compared to the previous summer due to a substantial amount of newly completed luxury units in Lionshead and Vail Village being sold, a pattern inconsistent with the overall down economy and weak real estate market. As a result there is little merit in comparing summer 2011 real estate indictors to the previous summer, where 2011 reflects a more "normal" sales period that may be the basis of comparison in the future. When comparing summer 2011 to summer 2009, the most comparable recent sales season, the following observations can be made: the number of transactions (- 12.2 %) has decreased but the total gross sales ( +23.4 %), price per square foot ( +38.2 %), average price per transaction ( +40.5 %) and list to sale price ratio ( +5.7 %) have all increased, which may indicate that property values are increasing and the real estate market is improving. Of note, several Ritz Carlton Residences were sold during the summer 2011 and have positively meted the short term rental market inventory and will 8-2- 1 Attachment: Vail Economic Indicators Table TOWN OF VA� MOU RTRIM R£SEPRCII contribute to lodging tax collections for years to come. The effect of these inconsistent spikes and dips in Vail real estate sales caused by new construction has now leveled off, and no new real estate developments are in the short term pipeline, with the exception of EverVail, which continues to be delayed. TOWN REVENUE include: sales tax, construction use tax, property tax and real estate transfer tax revenues along with general fund balance as an indicator of the Town's level of reserves. Sales tax is segmented by business type (retail, lodging and food /beverage) and further broken down geographically by Vail neighborhoods. All segments combined showed a strong increase in overall summer sales tax revenue ( +13.2 %) following the previous summer season's sales tax revenue, which had increased significantly ( +10.9 %) after the economic downturn in the fall of 2008. Specifically lodging ( +20.8 %) and food and beverage ( +17.3 %) sales tax collections saw a higher year over year increase than retail ( +9.4 %). When segmented by neighborhood Vail Village saw the largest increases overall ( +25.3 %) compared to Lionshead ( +6.1 %) and Cascade /Sandstone /East & West Vail ( +5.1 %). The sales tax collected during the summer of 2011 reflects the highest level of any summer in recent history and represented in this report), with July being the most successful summer month of sales tax collections in the history of the Town of Vail. The addition of new lodging properties, restaurants and retail outlets that opened, specifically Solaris and the Four Seasons at Vail, are among the positive contributors. A study conducted by MTRiP shows that the average of comparable ski towns was also up season - over - season in both taxable sales ( +6.8 %) and in taxable lodging sales ( +9.7 %) but to a lesser degree than the Town of Vail. This season's upturns, the dramatic decreases in the summer of 2009 and increases in the summer of 2010 combined have resulted in 2011 sales tax collections exceeding ( +10.8 %) the pre - recession season of 2008. * Annual Metrics are used instead of seasonal metrics to track construction use tax, property tax, real estate transfer tax and town reserves, and therefore are not available for analysis for this iteration of this summary. BUSINESS GROWTH is based on broader county and national indicators, many of which are tracked on an annual basis and lag significantly. Most indicators are not available for this update, except Same Store Sales, which increased from the previous summer and mirror the increases shown in sales tax collections ( +10.0 %), but to a lesser extent yet are lagging from the 2008 season (- 8.9 %). Banking Deposits in Eagle County are down ( -2.8 %) from the previous reporting period (July 2009 — June 2010). MACROECONOMICS: The Federally defined recession came to an end in July 2010, but in the broader economy little relief has been felt by most consumers who continue to show overshadowing concerns about jobs, housing, earnings, debt and the lack of confidence in political leadership. Consumer Confidence has continued to reflect their overall sentiment with the index hovering in the mid 50's for most of the summer, where 90 is considered healthy. However as summer progressed, many, including leisure travelers, apparently defied the negative indexes and began to spend in earnest with retail spending and several big ticket sectors of the economy, including automobiles, are on the rise, while modest downward movement in the national unemployment rate provided some degree of hope for consumers and investors alike. In the late summer months, consumers witnessed some of the most volatile and unpredictable behavior of the major financial markets in history as setbacks came from credit rating agencies, foreign /overseas markets and signs of political impotence. Even so, many seemed to shrug off the maelstrom and again rebounded as their confidence returned, financial markets began to recover and attention began to shift to Europe's economic malaise. Because of this ongoing volatility, results are mixed and not easily correlated to their causes. However, consumer perception of their economic well -being is traditionally associated with vacation travel and continues to warrant careful attention. This foundational data set and summary will be further updated and expanded upon seasonally, taking its place among the tools available to the Town, its various committees and the public it serves. Ralf Garrison Director and Senior Analyst 2/ 7/2012 Mountain Travel Research Program 8-2-2 Attachment: Vail Economic Indicators Table Vinter (November '04 Not available Winter (November Not available Winter (November Not available Winter (November 80,000 (estimate) Winter (November 80,000 (estimate) Winter (November 80,0 April '05) N/A '05 - April '06) 59 '06 - April '07) 60.3% '07 - April '08) 58'6% '08 - April '09) 52'1% '09 - April '10) Not available ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) 39.1% October '06) 38.4% October '07) 39.4% October '08) 38.0% October '09) 33.5% October '10) 24,600 Vinter (November '04 - Not available Winter (November Not available Winter (November Not available Winter (November 80,000 (estimate) Winter (November 80,000 (estimate) Winter (November 80,0 ,pril '05) N/A '05 - April '06) $363 '06 - April '07) $376 '07 - April '08) $407 '08 - April '09) $384 '09 - April '10) Not available 'ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) $142 October '06) $158 October '07) $155 October '08) $155 October '09) $146 October '10) 24,600 Vinter (November '04 April '05) Not available Winter (November '05 - April '06) Not available Winter (November '06 - April '07) Not available Annual (January '08 December '08) 80,000 (estimate) Annual (January '09 December '09) 80,000 (estimate) Annual (January '10 December '10) 80,0 'ummer (May'05 - 332,424 Summer (May'06 - 325,972 Summer (May'07 - 342,417 )ctober'05) Not available October '06) Not available October '07) Not available rummer (May'05 - Summer (May'06 - Summer (May'07 - 'ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Not available Summer (May'09 - Not available Summer (May'10 - Not available )ctober '05) 23,000 October '06) 22,300 October '07) 24,600 October '08) 24,993 October '09) 23,414 October '10) Vinter (November '04 - Winter (November Winter (November Winter (November Winter (November Winter (November April '05) 332,424 '05 - April '06) 325,972 '06 - April '07) 342,417 '07 - April '08) 350,896 '08 - April '09) 288,307 '09 - April '10) rummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober'05) Not available October '06) Not available October '07) Not available October '08) Not available October '09) 297,349 October '10) Vinter (November '04 - Winter (November Winter (November Winter (November Winter (November Winter (November April '05) 181,275 '05 - April '06) 176,716 '06 - April '07) 174,085 '07 - April '08) 184,505 '08 - April '09) 182,028 '09 - April '10) 'ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober'05) Not available October '06) Not available October '07) Not available October '08) Not available October '09) 218,482 October '10) 221' Park Vinter (November '04 - Winter (November Winter (November Winter (November Winter (November Winter (November ,pril '05) 4,712 '05 - April '06) 9,406 '06 - April '07) N/A '07 - April '08) 5,947 '08 - April '09) 7,836 '09 - April '10) ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober'05) JULY 4TH October '06) JULY 4TH October '07) JULY 4TH October '08) JULY 4TH October '09) JULY 4TH October '10) Vinter (November '04 - Winter (November Winter (November Winter (November Winter (November Winter (November ,pril '05) 43/W 13 /LH '05 - April '06) 45 /W 27 /LH '06 - April '07) 66/W 31 /LH '07 - April '08) 58 /W 25 /LH '08 - April '09) 50 /W 25 /LH '09 - April '10) 40 ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober'05) JULY 4TH October'06) JULY 4TH October '07) JULY 4TH October '08) JULY 4TH October '09) JULY 4TH October '10) 21 Vinter (November '04 Winter (November Winter (November Winter (November Winter (November Winter (November ,pril '05) 9,007,732 '05 - April '06) 10,894,042 '06 - April '07) 11,359,350 '07 - April '08) 12,005,377 '08 - April '09) 11,612,990 '09 - April '10) 1 ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) 11,561,666 October '06) 12,639,845 October '07) 13,237,818 October '08) 13,600,079 October '09) 13,517,792 October '10) 1 Vinter (November '04 Winter (November Winter (November Winter (November Winter (November Winter (November ,pril '05) 175,641 '05 - April '06) 180,086 '06 - April '07) 179,620 '07 - April '08) 181,602 '08 - April '09) 173,333 '09 - April '10) ummer (May'05 - '05) Summer (May'06 - '06) Summer (May'07 - '07) Summer (May'08 - '08) Summer (May'09 - '09) 8,434 (airport was Summer (May'10 '10) )ctober 39,779 October 37,750 October 48,043 October 37,300 October closed May -Aug.) October L Vinter (November '04 - Winter (November Winter (November Winter (November Winter (November Winter (November April '05) Not available '05 - April '06) Not available '06 - April '07) 20,004 '07 - April '08) 18,051 '08 - April '09) 20,949 '09 - April '10) 'ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) Not available October '06) 25,032 October '07) 22,658 October '08) 26,098 October '09) 24,774 October '10) Vinter (November '04 - Winter (November Winter (November Winter (November Winter (November Winter (November ,pril '05) Not available '05 - April '06) Not available '06 - April '07) 14,319 '07 - April '08) 12,575 '08 - April '09) 11,576 '09 - April '10) 'ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) Not available October '06) 31,103 October '07) 25,340 October '08) 19,319 October '09) 18,000 October '10) 'ummer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) 5,488,399 October '06) 5,585,158 October '07) 6,074,027 October '08) 5,821,092 October '09) 6,043,720 October '10) unday March 27, 2005 Sunday April 16, 2006 Sunday April 8, 2007 Sunday March 23, 2008 Sunday April 12, 2009 Sunday Al my 4, 2005 Not available July 4, 2006 Not available July 4, 2007 2,067,450 July 4, 2008 2,530,037 July 4, 2009 2,091,647 July 4, 2010 rummer (May'05 - Monday Summer (May'06 - Tuesday Summer (May'07 - Wednesday Summer (May'08 - Friday Summer (May'09 - Saturday Summer (May'10 - )ecember 25, 2005 Not available December 25, 552,535 December 25, 2006 537,698 December 25, 2007 665,305 December 25, 2008 535,765 December 25, 2009 Even Sunday 2006 Monday 2007 Tuesday Wednesday Thursday occu Vinter (November '04 - Winter (November VRI produced the Winter (November Winter (November Winter (November Winter (November April '05) Not available '05 - April '06) Not available '06 - April '07) 2,067,450 '07 - April '08) 2,530,037 '08 - April '09) 2,091,647 '09- April '10 rummer (May'05 - Summer (May'06 - available Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) Not available October '06) 552,535 October '07) 537,698 October '08) 665,305 October '09) 535,765 October '10) Even Vinter (November '04 - Winter (November VRI produced the Winter (November Winter (November Winter (November Winter (November April '05) $1.94 '05 - April '06) $2.33 '06 - April '07) $2.33 '07 - April '08) $3.03 '08 - April '09) $1.83 '09- April '10 'ummer (May'05 - Summer (May'06 - available Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - )ctober '05) $2,44 October '06) $2,77 October '07) $3.00 October '08) $3.69 October 09 $2,44 October 10 Even ebruait 5-8, 2005 February 26 28, VRI produced the February 20, February Untraditional Mktg) 3,500 2006 event- no #'s 2007 (VV TCB) T 7,000 Sports) s) (Highline Sports) 10,000 Feb 22 -24, 27, 2009 15,000 Feb 14- 20, 2010 available anuary 13 16, 2005 10,000 January 12 -15, 14,750 January 11 -14, 15,000 February 7 10, 2008 17,000 Event did not occur Event did not Event did not occur Even 2006 2007 occur occu 160 Athletes, 165 Athletes Event was held in 175 Athletes '.005 w /parents + 2006: Vail + BC w /parents + 2007 Aspen 2008 w /parents + March 5 - 11, 2009 160 athletes March 3 -11, 2010 1' coaches 256 total coaches 265 total coaches 280 total larch 31- April 3, 2005 10,000 March 30- April 2, 12,000 March 29- April 1, 14,000 April 3 -6, 2008 12,500 April 2 -5, 2009 12,000 April 1 -4, 2010 2006 2007 April 6 -9, 2005 Not available April 5 -8, 2006 4,000 April 11 -14, 2007 7,000 March 29- April 1, 7,000 April 1 - 4, 2009 6,000 April 8 -10, 2010 2008 April 4 -16, 2005 50,000 April 3 -16, 2006 24,000 April 2 -15, 2007 26,000 April 7 -13, 2008 30,000 April 13 -19, 2009 30,000+ April 12- 18, 2010 une 1 -5, 2005 12,000 (snow!) May 31- June 4, 28,000 May 30- June 3, 30,000 June 4 -8, 2008 35,000 June 4 -7, 2009 40,000 -VVF is June 3 -6, 2010 2006 2007 now promoter 516 participants + 560 participants + 622 participants + 650 participants + 764 participants une 17 -19, 2005 2.5 estimated June 16 -18, 2006 2.5 estimated June 15 -17, 2007 2.5 estimated June 13 -15, 2008 2.5 estimated June 19 -21, 2009 +2.5 entourage June 18 -20, 2010 82E entourage per entourage per entourage per entourage per per player player player player player '.005 Not implemented 2006 Not implemented 2007 Not implemented 2008 Not implemented June 20, 2009 1,000 June 12, 2010 'Tuesdays, June 14 26,400 10 Tuesdays: June 33,063 9 Tuesdays: June 32,625 9 Tuesdays: June 16 28668 , 9 Tuesday: June 16 36629 , Tuesdays, Jun 15- uly 26, 2005 13- August 29 19- August 21, 2007 August 19, 2008 Aug 18 Aug 24 une 19- September June 18- June 16- September June 22- September June 21 - Sept 20, June 20- Sep 19, 14 Markets) 75,000 September 17, 100,000 23, 2007 (14 120,000 21, 2008 (14 130,000 2009 (14 markets) 140,000 2010 2006 (14 Markets) Markets) Markets) '.005 Not implemented 2006 Not implemented yea j23, 2007 (1st 1,250 June 21, 2008 3,500 June 27, 2009 4,200 June 26, 2010 une 25- July 4, 2005 92 teams June 24- July 4, 102 teams June 27- July 4„ 100 teams June 28- July 6, 104 teams June 26 - July 5, 95 Teams June 26- Jul 4, 2010 103' 18,330 total 2006 16,000 total 2007 17,116 total 2008 18,819 total 2009 16,000 total 1-1." 1.1" a )nns I jR nnn Tuesday, July 4, zn nnn Wednesday, July 4, zr nnn zr nnn Saturday, July 4, an nnn L.-,-, m n 8 performances: June 1 19 performances: 1 19 performances: 2 20 performances: 19 Performances: J June 25- Aug 3, '.6 July 29, 2005 2 35,068 J June 28- July 28, 3 36,727 J June 27- July 27, 3 32,649 J June 25 - July 25, 3 34,868 3 July 1 Aug 4, 2009 2 34,530 2010 2006 2 2007 2 2008 J performances: July 30- 7 7 performances: 8 8 performances: 7 7 performances: July 8 8 Performances J July 26- Aug 10, ugust 7, 2005 2 9,550 J July30- August 13, 1 11,654 J July 29- August 12, 1 12,249 1 27 August 9, 2008 A 11,698 ( (GRFA): July 27 - 1 17,500 2010 2006 2 2007 2 Aug 10, 2009 2 'ummer 2005 S 46 performances 5 Summer 2006 S 50 performances 4 Summer 2007 8 47 performances 4 Summer 2008 S 43 performances 4 Summer 2009 8 44 performances 4 Summer 2010 481 80,084 9 91,752 S 86,332 8 83,762 9 91,013 S July 3 - Aug 14, '.005 N Not implemented 2 2006 N Not implemented 2 2007 N Not implemented S Summer 2008: (1st 2 2,500 2 2009 (7 Fridays: 3 3,500 6 6 Saturdays, July 10- year: 5 Fridays) B Blue Creek A Aug 14, 2010 Productions '.005 N Not implemented 2 2006 N Not implemented 2 2007 N Not implemented A August 1 -3, 2008: 8 8,000 A Aug 21 - 23, 2009 5 5,000 J July 16 -18, 2010 (1st year) 276 teams 3 351 teams 3 309 teams 3 300 teams 3 July 31 Aug 2, 2 300 teams 8100 ,ugust 5 -7, 2005 6 6293 including A August 4 -6, 2006 7 7371 including A August 3 -5, 2007 6 6489 including A August 1 -3, 2008 6 6300 including J 2009 i including J Jul 30- Aug 1, 2010 spectators s spectators s spectators s spectators s spectators august 19 -21, 2005: A August 11 -13, A August 10 -12, A August 8 -10, 2008: H Mall 7 7,000 2 2006: E LH 5 5,000 2 2007: E LH Circle 3 3,500 E E Lionshead Circle 3 3,000 J June 26 - 28, 2009 9 9,000 J June 25 -27, 2010 Circle '.005 E Event did not occur 2 2006 E Event did not occur 2 2007 E Event did not occur 2 2008 E Event did not 2 2009 E Event did not A Aug. 20 -21, 2010 occur o occur ( (1st year) '.005 E Event did not occur 2 2006 E Event did not occur 2 2007 E Event did not occur 2 2008 E Event did not 2 2009 E Event did not 2 2010 E E% occur o occur '.005 E Event did not occur 2 2006 E Event did not occur 2 2007 E Event did not occur 2 2008 E Event did not 2 2009 E Event did not 2 2010 E E% occur o occur 10 Sundays: June 28 9 9 Sundays, Jun 27- Sundays 2 2,700 9 9 Sundays 2 2,700 9 9 Sundays 2 2,700 9 9 Sundays 2 2,700 A Aug 30, 2009 2 2,700 A Aug 29 /no July 4, 2010 2008 (1st year: 5 3 3,000 5 5 Thursdays: Aug 6 3 3,500 5 5 Thursdays, Aug Sept 3, 2009 5 5- Sep 2, 2010 'eptember 2 5, 2005 3 3,500 2 September 1 -4, A 3,500 S August 31 A 3,500 2 August 29 -Sept 1, 3,500 S Sept 3 7, 2009 4 4,000 S Sep 2 6, 2010 2006 3 September 3, 2007 3 2008 3 '.005 6 6,200 2 2006 6 6,200 2 2007 6 6,200 2 2008 9 9,200 S Summer 2009 1 10,200 S Summer 2010 004 O5 (13 concerts) 3 31,500 c 2005 -06 (10 2 28.500 c 2006-07(11 2 26,500 2 2007 08 (6 concerts) 2 22,600 c 2008-09(10 2 25,000 c 2009 -2010 (9 concerts) 2 concerts) 2 concerts) 2 concerts) 'eptember 3, 2005 7 7,000 2 2006 N Not instituted S September 1 -2, 1 12,500 A August 29 -31, 2008 1 18,000 S Sept 4 -6, 2009 2 20,000 S Sept 4 -5, 2010 2 20, 1st year) 2 2007 'eptember 9 -11 & 16 S 40,000 1 September 8 -10 & S 40,000 1 September 7 -9 @ S 40,000 1 September 5 -7 & 12 4 40,000 2 Sept 11 -13 & 18 -20, S 40 Sept 10 -12 & 17 -19, 40, 8, 2005 4 15 -17, 2006 4 14-16,2007 4 14, 2008 4 2009 , 2010 4 250 participants, S September 17 -21, 2 250 participants, p p p participants, P P 2 275 participants, 2 225 'eptember 12 -17, 2005 4 400 Concours S 2006 n 2007 o 2008 S 1,250 Concours S Sept 17 -18, 2009 1 1,000 S Sept 16 -17, 2010 12C spectators s no concours 2 on spectators Vovember'04 - Winter (November'05 Winter (November'06 Winter (November'07 �r'05) Winter (November'08 December'06) Winter (November'09 - April December'07) 1 297 April '06) 174 April '07) 175 April'08) 177 April'09) 97 10) $: (May'05 $1,641,107 Summer (May'06 $1,391,526 Summer (May'07 $1,370,692 Summer (May'08 $2'508'787 Summer (May'09 $1,112,728.70 Summer (May'10 - October $2, '05) 270 October'06) 217 October'07) 158 October '08) 149 October '09) 115 '10) Vovember'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - �r'05) Winter (November'08 - December'06) Winter (November'09 - April December'07) 1 $778'298 April '06) $1,168,249 April '07) $2,169,933 April'08) $2,258,364 April'09) $2,854,325 '10) $: (May'05 '05) $1,641,107 Summer (May'06 $1,391,526 Summer (May'07 $1,370,692 Summer (May'08 '08) $2'508'787 Summer (May'09 '09) $1,112,728.70 Summer (May'10 - October , 10) $2, '05) $656 October'06) $831 October'07) $726 October $1,344 October $568 '10) Vovember'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - �r'05) Winter (November'08 - December'06) Winter (November'09 - April December'07) I $602 April '06) $727 April '07) $902 April'08) $768 April'09) $1,103 '10) 0 (May'05 - 0 Summer (May'06 - 9 Summer (May'07 - 24 Summer (May'08 - 75 Summer (May'09 - 59 Summer (May'10 - October '05) $656 October'06) $831 October'07) $726 October '08) $1,344 October '09) $568 '10) Vovember'04 - $229,451,000 Winter (November'05 - $203,275,300 Winter (November'06 - $379,738,200 Winter (November'07 - $399,730,500 Winter (November'08 - $276,869,500 Winter (November'09 - April $11 April '06 April '07 April'08) April'09) 1 10 (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October '05) $443,098,800 October'06) $301,961,100 October'07) $216,569,400 October '08) $373,809,300 October '09) $127,963,800 . 10) $4: Vovember'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - April 1 97.50% April '06) 94.90% April '07) 95.30% April'08) 96.00% April'09) 91.83% '10) (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - October '05) 95.2% October'06) 94.50% October'07) 94.40% October '08) 97.40% October '09) 85.12% '10) Vovember'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - �r'05) Winter (November'08 - December'06) Winter (November'09 - April December'07) I 184 April '06) 165 April '07) 163 April'08) 143 April'09) 82 '10) 0 (May'05 - 0 Summer (May'06 - 9 Summer (May'07 - 24 Summer (May'08 - 75 Summer (May'09 - 59 Summer (May'10 - October '05) 243 October'06) 200 October'07) 144 October '08) 156 October '09) 98 '10) Vovember'04 Winter (November'05 Winter (November'06 Winter (November'07 �r'05) Winter (November'08 December'06) Winter (November'09 - April December'07) I 107 April '06) 5 April '07) 10 April'08) 11 April'09) 15 '10) 0 (May'05 0 Summer (May'06 9 Summer (May'07 24 Summer (May'08 75 Summer (May'09 59 Summer (May'10 - October '05) 27 October'06) 2 October'07) 7 October '08) 6 October '09) 17 ' January '05 - Annual (January '06 - Annual (January '07 - Annual (January '08 - �r'05) Annual (January '09 - December'06) Annual (January '10 - December'07) �r '05) December'08) December'06) January '05 December'07) Annual (January '06 - December'08) Annual (January '07 - December'09) Annual (January '08 - December'10) 0 December'06) 0 I December'07) 9 I December'08) 24 75 59 January '05 - Annual (January '06 - Annual (January '07 - Annual (January '08 - �r'05) Annual (January '09 - December'06) Annual (January '10 - December'07) �r'05) December'08) December'06) January '05 December'07) Annual (January '06 - December'08) Annual (January '07 - December'09) Annual (January '08 - December'10) 0 December'06) 20 I December'07) 11 I December'08) 77 90 2 January '05 - Annual (January '06 - Annual (January '07 - Annual (January '08 - �r'05) 0 December'06) 0 December'07) 0 December'08) January '05 Annual (January '06 - Annual (January '07 - Annual (January '08 - �r'05) 0 December'06) 9,250sf I December'07) 36,207sf I December'08) Annual (January '09 - 0 December'09) Annual (January '09 - 24,568sf December'09) Annual (January '10 0 December'10) Annual (January '10 - 1,552sf December'10) 'inter (November'04 - $1,565,938 Winter (November'05 - $1,709,731 Winter (November'06 - $1,865,670 Winter (November'07 - $1,847,564 Winter (November'08 - $1,653,738 Winter (November'09 - ; )ril 'OS) $1,959,692 April '06) $2 150,643 April '07) $2,235,665 April '08) $2,102,116 April '09) $1,598,271 April ' 10) ' immer (May'05 - $377,998 Summer (May'06 - $388,552 Summer (May'07 - $414'788 Summer (May'08 - $446,399 Summer (May'09 - $330,719 Summer (May'10 - ctober'05) $707,992 October '06) $709,091 October '07) $724'888 October '08) $666,155 October '09) $573,505 October '10) 'inter (November'04 - $699,826 Winter (November'05 - $680,292 Winter (November'06 - $704,911 Winter (November'07 - $856,906 Winter (November'08 - $828,915 Winter (November'09 - ; )ril '05) $388,096 April '06) $395,789 April '07) $398,375 April '08) $552,068 April '09) $581 408 April ' 10) immer (May'05 $247, 305 Summer (May'06 $282' 581 Summer (May'07 $323' 812 Summer (May'08 $324, 648 Summer (May'09 $261' 272 Summer (May'10 - ctober'05) $146,560 October '06) $154'884 October '07) $151,560 October '08) $210,343 October '09) $187'175 October '10) ; 'inter (November'04 - '05) $1,038,941 Winter (November'05 - '06) $1,109,781 Winter (November'06 - '07) $1,144,388 Winter (November'07 - '08) $1,192,703 Winter (November'08 - '09) $1,153,789 Winter (November'09 - ' ; )ril $382,326 April $427,585 April $445,549 April $418 824 April $357,009 April 10) immer (May'05 $671,503 Summer (May'06 $707'587 Summer (May'07 $712'127 Summer (May'08 $764'727 Summer (May'09 $680,951 Summer (May'10 - ctober'05) $276,481 October '06) $284,382 October '07) $302,779 October '08) $308,927 October '09) $219,353 October '10) y 'inter (November'04 - $1,565,938 Winter (November'05 - $1,709,731 Winter (November'06 - $1,865,670 Winter (November'07 - $1,847,564 Winter (November'08 - $1,653,738 Winter (November'09 - ; )ril '05) $1,819,656 April '06) $2,021,717 April '07) $2,090,189 April '08) $2,147,236 April '09) $1,849,345 April ' 10) ' immer (May'05 $377,998 Summer (May'06 '06) $388,552 Summer (May'07 '07) $414'788 Summer (May'08 '08) $446,399 Summer (May'09 '09) $330,719 Summer (May'10 - '10) ctober'05) $747,920 October $777'870 October $867,240 October $872'567 October $741,054 October 'inter (November'04 - 'OS) $1,211,828 Winter (November'05 - '06) $1,320,180 Winter (November'06 - '07) $1,448,205 Winter (November'07 - '08) $1,590,517 Winter (November'08 - '09) $1,367,737 Winter (November'09 - ' ; aril $388,096 April $395,789 April $398,375 April $552,068 April $581 408 April 10) immer (May'05 $247, 305 Summer (May'06 $282' 581 Summer (May'07 $323' 812 Summer (May'08 $324, 648 Summer (May'09 $261' 272 Summer (May'10 - ctober'05 Not implemented October '06) Not implemented October '07) Not implemented October '08) $608,483 October '09) $713,582 October '10 ; 'inter (November'04 - $861,732 Winter (November'05 - $911,909 Winter (November'06 - $1,062,423 Winter (November'07 - $1,091,579 Winter (November'08 - $807,303 Winter (November'09 - )ril '05) $382,326 April '06) $427,585 April '07) $445,549 April '08) $418 824 April '09) $357,009 April ' 10) immer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - ctober'05) $276,481 October '06) $284,382 October '07) $302,779 October '08) $308,927 October '09) $219,353 October '10) y 'inter (November'04 - $1,565,938 Winter (November'05 - $1,709,731 Winter (November'06 - $1,865,670 Winter (November'07 - $1,847,564 Winter (November'08 - $1,653,738 Winter (November'09 - ; )ril '05) 6.6% April '06) 8 . 2 % April '07) 6.0% April '08) 3.8% April '09) - 13.8% April ' 10) immer (May'05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - ctober'05) $747,920 October '06) $777'870 October '07) $867,240 October '08) $872'567 October '09) $741,054 October '10) 'inter (November'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - )ril '05) $388,096 April '06) $395,789 April '07) $398,375 April '08) $552,068 April '09) $581 408 April ' 10) immer (May'05 - $161'611 Summer (May'06 - '06) $172'764 Summer (May'07 - '07) $227'858 Summer (May'08 - '08) $308'728 Summer (May'09 - '09) $245,649 Summer (May'10 - '10) ctober'05) Not implemented October Not implemented October Not implemented October $608,483 October $713,582 October ; 'inter (November'04 - Winter (November'05 - Winter (November'06 - Winter (November'07 - Winter (November'08 - Winter (November'09 - )ril '05) $382,326 April '06) $427,585 April '07) $445,549 April '08) $418 824 April '09) $357,009 April ' 10) immer (May'05 Summer (May'06 Summer (May'07 Summer (May'08 Summer (May'09 Summer (May'10 - ctober'05) $308,933 October '06) $321,019 October '07) $335,263 October '08) 1 $286'244 October '09) $228'878 October '10) y all Year 2005 vs. full Full Year 2006 vs. full Full Year Sales Tax Full Year Sales Tax Full Year Sales Tax Full Year Sales Tax gar 2004 6.6% year 2005 8 . 2 % Increase (Decrease) 6.0% Increase (Decrease) 3.8% Increase (Decrease) - 13.8% Increase (Decrease) all Year 2005 vs. full Full Year 2006 vs. full Full Year CPI Increase Full Year CPI Increase Full Year CPI Increase Full Year CPI Increase gar 2004 3.4% year 2005 3 (Decrease) 2 (Decrease) 3 (Decrease) -0 (Decrease) all Year 2005 vs. full Full Year 2006 vs. full Sales Tax Better Sales Tax Better Sales Tax Better Sales Tax Better gar 2004 3.2% year 2005 5.0 0 /0 (Worse) Than Inflation 3.2% (Worse) Than Inflation 0.0 0 /0 (Worse) Than Inflation -13.4% (Worse) Than Inflation inual (January '05 - Annual (January '06 - Annual (January '07 - Annual (January '08 - Annual (January '09 - Annual (January '10 - ecember'05) Not implemented December'06) Not implemented December'07) Not implemented December'08) $608,483 December'09) $713,582 December'10) ; inual (January '05 Annual (January '06 - Annual (January '07 - Annual (January '08 - Annual (January '09 - Annual (January '10 - ecember'05) $2,469,629 December'06) $2,751,032 December'07) $2,830,331 December'08) $4,092,167 December'09) $4,317,417 December '10) inual (January '05 Annual (January '06 - Annual (January '07 - Annual (January '08 - Annual (January '09 - Annual (January '10 - ecember'05) $6,206,058 December'06) $6,239,744 December'07) $6,536,118 December'08) $9,091,917 December'09) $2,513,481 December 10 y of December 31, As of December 31, General Fund Balance ss General Fund Balance General fund Balance as General Fund Balance )05 $13,673,808 2006 $15,433,051 of December 31, 2007 $19,834,717 as of December 31, $23,002,886 of December 31, 2009 $23,173,417 as of December 31, $ 2008 2010 (July '04 - June Annual (July'05 - June Annual (July'06 - June Annual (July'07 - June Annual (July'08 - June Annual (July'09 - June $1,139,566,000 1 '06) 1 $1,373,139,000 1 '07) 1 $1,491,847,000 1 '08) 1 $1,459,685,000 1 '09) 1 $1,449,899,000 1 '10) (November'04 3 ' 9 � Winter (November'05 3.4� Winter (November'06 2.9� Winter (November'07 3.6% Winter (November'08 7.40% Winter (November'09 - S) Not implemented April '06) Not implemented April '07) $97,122,801 April '08) $97,957,837 April '09) $78,710,137 April '10) $1 r (May '05 - 4,789 Summer (May'06 - 4,812 Summer (May'07 - 4,871 Summer (May'08 - 4,960 Summer (May'09 - 5,027 Summer (May'10 - r'05) Not implemented October '06) Not implemented October'07) $30,636,765 October'08) $29,496,375 October '09) $24,423,389 October'10) $ (November'04 - 3 ' 9 � Winter (November'05 - 3.4� Winter (November'06 - 2.9� Winter (November'07 - 3.6% Winter (November'08 - 7.40% Winter (November'09 - S) 1,568,192 April '06) 1,676,118 April '07) 1,608,204 April '08) 1,569,788 April '09) 1,622,000 April '10) r (May '05 - 4,789 Summer (May'06 - 4,812 Summer (May'07 - 4,871 Summer (May'08 - 4,960 Summer (May'09 - 5,027 Summer (May'10 - r'05) 650,000 (2001) October '06) 650,000 (est) October'07) 650,000 (est) October'08) 650,000 (est) October '09) 650,000 (est) October'10) 65 (January '05 3 ' 9 � Annual (January '06 3.4� Annual (January '07 2.9� Annual (January '08 3.6% Annual (January '09 7.40% Annual (January '10 - )er'05) 100.9 December'06) 104.6 December'07) 107.8 December'08) 77.8 December'09) 35.3 December'10) (January '05 - 27,522 Annual (January '06 - 29,127 Annual (January '07 - 30,300 Annual (January '08 - 30,477 Annual (January '09 - 27,961 Annual (January '10 - )er '05) 100.9 December '06) 104.6 December '07) 107.8 December '08) 77.8 December '09) 35.3 December '10) (as of July '05) $1.31 Annual (as of July '06) $1.20 Annual (as of July '07) $1.32 Annual (June '07 - July $1.50 Annual (June'08 - July $1.31 Annual (June '09 - July S ) 100.9 April'06) 104.6 April '07) 107.8 '08) 77.8 '09) 35.3 '10) r (May '05 - 4,789 Summer (May'06 - 4,812 Summer (May'07 - 4,871 Summer (May'08 - 4,960 Summer (May'09 - 5,027 Summer (May'10 - Vail Economic Indicators: Macroeconomic (2004 -2011) t Date ('04- Data ('04 -'05) Report Date ('05- Data ('05 -'06) Report Date ('06- Data ('06 -'07) Report Date ('07- Data ('07 -'08) Report Date ('08- Data ('08 -'09) Report Date ('09- Data (November'04 - $1.31 Winter (November'05 - $1.20 Winter (November'06 - $1.32 Winter (November'07 - $1.50 Winter (November'08 - $1.31 Winter (November'09 - S ) 100.9 April'06) 104.6 April '07) 107.8 April '08) 77.8 April'09) 35.3 April '10) r (May '05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - r'05) 98.5 October '06) 104.7 October'07) 104.4 October'08) 52.6 October '09) 51.2 October'10) (November'04 - $1.31 Winter (November'05 - $1.20 Winter (November'06 - $1.32 Winter (November'07 - $1.50 Winter (November'08 - $1.31 Winter (November'09 - S) April '06) April '07) April '08) April '09) April '10) r (May '05 - Summer (May'06 - Summer (May'07 - Summer (May'08 - Summer (May'09 - Summer (May'10 - r'05) $ October '06) $ October'07) $1.37 October'08) $ October '09) $ October'10) teva mountain games -Vain ,-EDDIE BAUER' Winter Teva Mountain Games Schedule of Events February 10 -12, 2012 (All events subject to change) Thursday. February 9 8:00 am to 6:00 pm: Registration open – Lionshead Community room (LH parking structure) Friday. February 10 8:00 am to 6:00 pm: Registration open – Lionshead Community room (LH parking structure) 10:00 am: Gear Town opens - Solaris 10:00 am: Mixed /Ice Climbing Practice (Men /Women Qualifiers) – Golden Peak 10:00 am: Mountain Click Photo Comp - Start 10:00 am: 5K Nordic Freestyle Ski – Mass start – (UMC Amatuer) Vail Nordic Center (Vail golf course) 10:30 am: 10K Nordic Freestyle Ski – Mass start (UMC Pro? Vail Nordic Center (Vail golf course) 12:00 pm Mixed /Ice Climbing Qualifying Round (Men/Women Qualifiers) – Golden Peak 3:00 pm: Eddie Bauer Kickoff Party with 40 oz. of Freedom Solaris 4:00 pm: Mixed /Ice Climbing Quarterfinal Round (Men /Women Qualifiers) – Golden Peak 5:00 pm: Gear Town closes 5:00 pm: Ski Mo Athlete meeting – Lionshead Community room (LH parking structure) 5:15 pm: Avalanche Dog Demos – Golden Peak 6:00 pm: Mixed /Ice Climbing Semi- Final and Final Rounds (Men /Women Finals) – Golden Peak 7:OOpm Outdoor Reels presented by Bud Light —Lodge at Vail, International Room 8:00 pm: Free Concert: Spazmatics – Checkpoint Charlie Vail Village 10:00 pm: Teva After Party: Totally 80's— Vendetta's Saturday, February 11 6:00 am to 6:00 pm: Registration open – Lionshead Community room (LH parking structure) 7:30 am: Ski Mountaineering (Ultimate Mountain Chaiienge event) All categories start 9:00 am: Gear Town opens - Solaris 10:00 am: Telemark Big Air Practice – Golden Peak 11:30 am: Telemark Big Air Qualifying Round – Golden Peak 1:00 pm: Best Trick Bike Practice – Golden Peak 3:30 pm: Dual Slalom Bike – Golden Peak 4:30 pm: Boot Run (Boot Leggers Division & Family Fun) – Golden Peak 5:00 pm: On – snow Mountain Bike- Crit (pro /expert) – Golden Peak 5:00 pm: Gear Town closes 6:30 pm: X- Country Snowshoe Race 10k - Golden Peak 6:30 pm: X- Country Snowshoe Race 5k & dog friendly - Golden Peak 6:30 pm: Telemark Big Air – Golden Peak 6:30 pm: Best Trick Bike – Golden Peak 7:30 pm: Free Concert: Theophilus London - Golden Peak 10:00 pm: Teva After Party: White Out - Vendetta's 6:00 am to 12:00 pm: Registration open – Lionshead Community room (LH parking structure) 7:00 am: Vail Uphill (Ultimate Mountain Challenge Event) All categories start 9:00 am: Gear Town opens - Solaris 9:00 am: Seven Wonders of Vail 2:00 pm Wonders post -race apres party at Mountain Plaza - Vail Village (registrants only) 5:00 pm: Gear Town closes 2/7/2012 8 -3 -1 a I N co M 28 Cd co Go 9 Vi L 's 0 d .L_ TOWN OF 0 ) VAII 1 To: Vail Town Council From: Ron Branden, Director of Information Technology Date: February 7, 2012 Subject: Cell Tower Update Memorandum The Town of Vail IT Department has been in on -going negotiations with Crown Castle North America since the summer of 2011 to build and maintain a carrier neutral 4G DAS based cellular network within the Town of Vail. The Town currently plays host to several 3G macro cellular sites for all four major carriers, AT &T, Sprint, TMobile and Verizon. In order to properly deploy 4G, we require a macro cell type installation, better known as a Distributed Antenna System (DAS). This carrier neutral system will not only provide 4G data services, but also solve the capacity issue that we currently experience during peak usage. To further enhance the DAS infrastructure, Crown Castle will also be replacing the existing CenturyLink WiFi network with a new state of the art system. Once operational, the Town will be providing a much needed service to the community. The Town will provide space and fiber optic facilities for the DAS system while Crown Castle will bear the entire cost for installation and maintenance of the system. In exchange, we will receive cellular coverage in our Village Parking Structure, free use of the network, an updated WiFi network, and the option of being a carrier on the system for the recently ratified public safety spectrum. Crown Castle was founded in 1994 and is one of the country's largest independent owners and operators of shared wireless infrastructure, with over 23,500 towers nation wide. They own, operate, build, and lease towers, rooftops, and Distributed Antenna Systems (DAS) in prime markets for wireless communications. As the owners and operators of the infrastructure, the focus is on safety, reliability and regulatory compliance through regular inspections, utilizing state -of- the -art processes and tools, and a 24/7 Network Operations Center (NOC). Publicly traded, Crown Castle (NYSE: CCI) offers financial strength and long -term stability. We currently have a contract in draft form and will be bringing this agreement to council for approval in the next 30 days. Construction of the system is anticipated to begin in May of 2012 with 4G service available to users by the fall of 2012. 2/7/2012 8 -4 -1 TOWN OF VAIL REVENUE HIGHLIGHTS January 31, 2012 Sales Tax Upon receipt of all sales tax returns, December collections are estimated to be $3,175,655 up 7.2% from last year and 24.3% up compared to budget. Year to date collections of $19.6 million are up 10.7% from prior year, and essentially back to the record level of 2008. Year to date revenue is up 9.9% from the amended budget. Inflation as measured by the consumer price index was up 3.2% for the year. Use Tax Use tax collections as of December 31, 2011 totaled $739,892 compared with $1,112,973 at this time last year, down 33 %. The annual budget of $731,000 has been met. January collections are currently $4,544. Real Estate Transfer Tax (RETT) RETT collections through December 31 total $4,403,707 down 37% from this time last year, but a 3.1% increase from budget. Of current collections, approximately $1,678,373 or 38% is from major redevelopment projects including Arrabelle, Four Seasons, Landmark, Manor Vail, Mountain View, Ritz Carlton Residences, Solaris, and The Sebastian. Collections not related to major redevelopment projects currently total $2,730,026, nearly flat with the prior year. January collections currently total $73,412. Parking Revenue 2011 Total parking revenue of $3,990,286 was down 20.8% from full year 2011 and down 9.5% from budget. This revenue consists of both revenue from pass sales and daily sales from the parking structures: Pass sales for 2011 total $709,243, a 5.3% decrease from full year 2010, and an 8.0% decrease (or $62,500) from the 2011 budget. Daily sales from the parking structures total $3.3 million for 2011, down 23.5% from full year 2010, and down 9.9% from budget. Season year -to -date (Nov '11 — Jan `12) Pass sales for November - January total $562,592, down 13% compared to prior season. Daily sales for the same time period total $1,118,691, down 35% compared to prior season. -1- 2/7/20 iz 8 -5- Although sales were lean the early part of the month, this past weekend showed improvement with a 9% increase over the same weekend last year. Summary Across all funds, total revenue for 2011 of $53.1 million is up 2.4% from budget and down 5.0% from prior year mainly due to a decrease in RETT collections and parking revenue. -2- 2/7/2012 8 -5 -2 ININ V K ) AIL " To: From: Date: Subject Vail Town Council Department of Public Works February 7, 2012 Aspen Scale Mitigation BACKGROUND Memorandum A new plant pest has emerged in Vail. After years of contending with the mountain pine beetle and its impact on lodgepole pines, followed by the discovery of pine needle scale, which weakens spruce trees, now there is aspen scale. These insects congregate on the bark of aspen trees and drain the tree's nutrients and water supply. Over several years, the bark begins to split and the tree eventually dies. The insects have generally been found in central Colorado. It is anticipated that this is an invasive species, but researchers at CSU are not entirely certain. Fortunately, these pests tend to impact only aspens trees that are planted as landscape trees. To this point, the native aspen stands appear to be resistant. Town staff first noticed the insects in Vail about four years ago near the West Vail roundabout. The following year, more infested trees were identified near the Vail Village parking structure. In 2008, the Town was contacted by Bob Hammond, the lead research agent for the Colorado State Extension office in Grand Junction. He asked to perform insecticide trials on several groups of trees in Vail. Various treatments and dosage levels were performed in several locations, but were mostly unsuccessful in eliminating the insects. The one success was on a topical application on mildly affected trees. However, the insects have continued to multiply and at this time impacted trees can be found throughout public and private property in West Vail, and staff is concerned that areas east of Vail Village may also be impacted. CONTROL EFFORTS In addition to working with CSU Extension, the town removed approximately thirty dead aspens from around the parking structure and the West Vail roundabout. Additional trees have been removed in subsequent years. In addition, some trees have been treated as part of the town's tree spraying program used to control Pine Beetle and Pine Needle Scale. However, additional efforts are required. 2/7/2012 8 -6 -1 A widely accepted method for managing both plant and animal pest control is termed Integrated Pest Management (IPM). IPM relies on a combination of common -sense practices by using current, comprehensive information on the life cycles of pests and their interaction with the environment. The four general IPM methods include Mechanical Controls, Biological Controls, Cultural controls and Chemical controls. The following is a brief explanation of these methods: IPM Methods • Mechanical: physical removal of the pest or the host • Biological: introduction of a predator • Cultural: elimination of conditions that benefit the pest • Chemical: use of pesticides or herbicides III. RECOMMENDED ACTION It is unlikely that heavily infested trees can recover. Most already show significant stress and decline. On the other hand, some trees have only mild infestations and may be treatable. By acting this spring, before a new generation of insects hatch, the spread of this pest can be slowed. The following steps are recommended: Mechanical Controls Remove and properly dispose of dead and highly infected trees Use water spray to remove the bugs from less impacted trees Chemical Control • After spraying with water, apply an effective insecticide on the less impacted trees Cultural Control • After removal of highly impacted trees, install native plant species that are not affected by Aspen Scale. Staff will develop a revised landscape plan for the affected locations. The new plan should include native plant species as well as future aspen plantings. The plan would be approved by the DRB prior to implementation. Once staff is confident that the immediate infestation is under control, new aspens should be planted per the adopted plan. Hopefully this can occur by the summer of 2015. If new infestations occur, they should be dealt with in a similar manner. IV. ESTIMATED COST Based on a count from last November, there are approximately 140 trees on Town - owned property that are currently infested with Aspen Scale, although the actual number throughout town is probably much higher. Assuming that 60% of these require removal, 40% are treatable and that significant new plantings are to be installed, the estimated cost of this mitigation project is $35,000 in 2012. Town of Vail Page 2 2i7i2oi2 a -6 -2 The annual Tree Maintenance budget is used for tree spraying, tree removal, planting of new trees throughout town, and tree maintenance equipment. In 2012, the Tree Maintenance budget is $65,000, reduced from $85,000 in 2011. The town has typically spent around $50,000 on spraying efforts to control Pine Beetle and Pine Needle Scale. In 2011, approximately $33,000 remained in the budget at the end of the year. If the Town Council were to reappropriate $25,000 from the 2011 budget, this project can be paid entirely through the Tree Maintenance budget, the landscaping around the TRC and West Vail Roundabout can be adequately replaced this year and a small contingency will remain in the budget for unforeseen tree maintenance work. Future aspen plantings and mitigation work will be paid from that year's budget. V. STAFF RECOMMENDATION The control of this pest is important. Expanding control efforts now should protect many trees that are not currently impacted. Staff recommends the following: 1) Begin the removal and /or treatment of aspens at the West Vail Roundabout and around the Village Parking Structure starting in April after the ski area closes. Install replacement plantings by the end of June. 2) At the next Budget Supplemental meeting, reappropriate 2011 Tree Maintenance funds to supplement the 2012 budget for use on this project. 3) Provide information to homeowners through Vail -Mail and the Vail Daily. The CSU Extension Office in Eagle is currently working on a Fact Sheet for public distribution. VI. ACTION REQUESTED BY COUNCIL Provide feedback on the project, support staff on control efforts and anticipate that staff will request the reappropriation of $25,000 of 2011 Tree Maintenance Funds unless directed otherwise. Town of Vail Page 3 zi7izoiz 8 -6 -3 Aspen Scale Photos 2/7/2012 8 -6 -4 Infested trees adjacent to a healthy tree at the Village Transportation Center Close -up of aspen bark. The dark gray areas (top) are Aspen Scale, the lighter fuzzy areas are woolly aphids, which are symptomatic of a tree under stress. Aspen Scale Photos 2/7/2012 8 -6 -5 Disfigured bark near West Vail Roundabout. Note the heavy scale population (dark gray) above the cracking. Over several years, the bark softens and cracks, eventually killing the tree. TOWN OF VAR DECEMBER 2011 VAIL BUSINESS REVIEW January 28, 2012 The December Vail Business Review breaks down the four percent sales tax collected for December and the year. Overall December sales tax increased 6.4% with Retail increasing .03 %, Lodging increased 17.2 %, Food and Beverage increased 11.1 % and Utilities /Other (which is mainly utilities but also includes taxable services and rentals) decreased 17.6 %. The Out of Town category continues to be greatly affected by interior design firms and furniture stores delivering in to Vail. Excluding the Out of Town category, sales tax for the month of December is up 9 %. The year resulted in a 10.5% increase overall with Retail increasing 6.2 %, Lodging increased 16.1 %, Food and Beverage increased 15.6% and Utilities decreased 1.1 %. Excluding the Out of Town category, sales tax for the year is up 13 %. Town of Vail sales tax forms, the Vail Business Review and the sales tax worksheet are available on www.vailgov.com You can subscribe to have the Vail Business Review and the sales tax worksheet e- mailed to you automatically from www.vailgov.com Please remember when reading the Vail Business Review that it is produced from sales tax collections, as opposed to actual gross sales. If you have any questions or comments please feel free to call me at (970) 479 -2125 or Judy Camp at (970) 479 -2119. Sincerely, E t- �� c.kJLA Sally Lorton Sales Tax Administrator 2i7/2012 a -7-1 December 2011 Sales Tax VAIL VILLAGE December December December 2010 2011 % Retail Lodging Food & Beverage Other Total Collections Collections Change 522,074 528,599 1.2% 437,960 555,490 26.8% 409,658 479,238 17.0% 12,777 15,846 24.0% 1,382,469 1,579,173 14.2% LIONSHEAD December December December 2010 2011 % Retail Lodging Food & Beverage Other Total Collections Collections Change 227,375 232,133 2.1% 341,835 380,763 11.4% 126,866 120,852 -4.7% 5,339 2,716 -49.1% 701,415 736,464 5.0% 8 -7 -2 December 2011 Sales Tax CASCADE VILLAGE /EAST VAIL /SANDSTONE /WEST VAIL December December December 2010 2011 % Retail Lodging Food & Beverage Other Total %.#U!!WULicnIb %.#U!!WULicnIb %,IIdiiyt: 291,772 293,145 0.5% 164,561 165,668 0.7% 55,337 57,932 4.7% 6,625 6,264 -5.4% 518,295 523,009 0.9% OUT OF TOWN December December December 2010 2011 % Retail Lodging Food & Beverage Utilities & Other Total 83,611 71,263 -14.8% 39,787 51,588 29.7% 2,011 1,908 -5.1% 240,272 193,488 -19.5% 365,681 318,247 -13.0% 8 -7-; December 2011 Sales Tax TOTAL 2/7/2012 8 -7 -4 December December December 2010 2011 % Collections Collections Change Retail 1,124,832 1,125,140 0.0% Lodging 984,143 1,153,509 17.2% Food & Beverage 593,872 659,930 11.1% Utilities & 265,013 218,314 -17.6% Other Total 2,967,860 3,156,893 6.4% 2/7/2012 8 -7 -4 RETAIL SUMMARY 2/7/2012 8 -7 -5 December 2010 Collections December 2011 Collections December % Change FOOD 204,161 207,545 1.7% LIQUOR 65,225 70,361 7.9% APPAREL 129,201 143,507 11.1% SPORT 530,634 506,957 -4.5% JEWELRY 48,055 63,512 32.2% GIFT 15,859 14,968 -5.6% GALLERY 9,176 7,996 - 12.9% OTHER 121,995 109,940 -9.9% HOME 526 354 - 32.7% OCCUPATION TOTAL 1,124,832 1,125,140 .03 % 2/7/2012 8 -7 -5 YTD December 2011 VAIL VILLAGE YTD YTD YTD 2010 2011 % Retail Lodging Food & Beverage Other Total �.Un�clUnS 2,414,873 2,283,711 2,628,417 80,549 7,407,550 k.U!lecLIUnS 2,671,728 2,877,076 3,197,784 83,543 8,830,131 l.11dllty. e 10.6% 26.0% 21.7% 3.7% 19.2% LIONSHEAD YTD YTD YTD 2010 2011 % .z91 F-1 A I ti. Retail Lodging Food & Beverage Other Total 1,123,967 1,891,645 888,174 57,265 3,961,051 .R91 F-Ift4 I ti. 1,213,735 2,077,851 915,870 48,671 4,256,127 l,lldllly. C 8.0% 9.8% 3.1% -15.0% 7.4% 2/7/2012 8 -7 -6 YTD December 2011 CASCADE VILLAGE /EAST VAIL /SANDSTONE /WEST VAIL YTD YTD YTD 2010 2011 % Retail Lodging Food & Beverage Other Total 1iV11Cl.1IV11J 1iV11Cl.1IV11J 1iIICIIluC 1,775,631 1,830,982 3.1% 1,025,314 1,087,707 6.1% 573,292 617,128 7.6% 61,744 69,395 12.4% 3,435,981 3,605,212 4.9% OUT OF TOWN YTD YTD YTD 2010 2011 % Retail Lodging Food & Beverage Utilities & Other Total 1iV11CGLIVIIJ 1iV11CGLIVIIJ 702,864 673,340 208,139 236,714 12,373 12,310 1,961,146 1,936,095 2,884,522 2,858,459 l,Ildllly. C -4.2% 13.7% -0.5% -1.3% -0.9% 2/7/2012 8 -7 -7 YTD December 2011 TOTAL YTD YTD YTD 2010 2011 % Retail Lodging Food & Beverage Utilities & Other Total %iU!1 6,017,335 5,408,809 %iU11 6,389,785 6,279,348 lil Idl llu. C 6.2% 16.1% 4,102,256 2,160,704 4,743,092 2,137,704 19,549,929 15.6% -1.1% 10.5% 17,689,104 2/7/2012 8 -7 -8 RETAIL SUMMARY 2/7/2012 8 -7 -9 YTD 2010 Collections YTD 2011 Collections YTD % Change FOOD 1,285,798 1,341,056 4.3% LIQUOR 394,628 427,216 8.3% APPAREL 754,811 803,413 6.4% SPORT 2,229,987 2,437,545 9.3% JEWELRY 208,586 250,350 20.0% GIFT 93,143 96,856 4.0% GALLERY 57,593 55,860 -3.0% OTHER 987,137 971,903 -1.5% HOME 5,652 5,586 -1.2% OCCUPATION TOTAL 6,017,335 6,389,785 6.2% 2/7/2012 8 -7 -9 K � TOWN OF VAI!% VAIL TOWN COUNCIL AGENDA MEMO MEETING DATE: February 7, 2012 ITEM /TOPIC: Matters from Mayor and Council: * Council Committee Reports 2i7/2012